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Breakingviews: Bond king's new throne

Friday, September 26, 2014 - 02:47

Jeffrey Goldfarb and Reynolds Holding discuss Bill Gross decamping Pimco for Janus Capital and the chances of the two formerly hot fund managers recapturing past glory together.

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Two figures in the investing world looking to recapture past glory Pimco founder Bill Gross in the place -- now headed. Janice capital. Jeff the sounds kind of like the New York Yankees and then -- employing players -- their best days behind him isn't some situation ripe for trump. Well I mean yeah I mean it's -- state Bill Gross you know bond -- shocked the world today saying you know he's leaving Pimco place built up -- -- two trillion dollar as a manager Brian. Now owned by all the -- Now beat Germany sure he's going to -- which is you know which is affirmed that before today how to market value that was smaller than -- -- is known network. Right plateau of -- itself now. Little bit curious yet but it away as you as -- and other sort of made for each of these -- guys 22 police who to investors are sort of some are past their prime grows. Still a huge reputation in the bond market it's still widely followed them for everything he says I don't. You know hang on his words but he's also had massive out. Flows from Aberdeen fund. Over there at total return fund in the last twelve notes what happened billions and billions. You know it just they just haven't gotten all right but in the of the fixed income markets have been tolerance to play personality clashes yet I mean -- big blow to -- and gross and all of aria and who's who left who's supposed to be -- successor Brian. So there's there's that played out big -- public about Jack -- on the other hand. Was an asset management really current scheme. Providence and not during attack who have made that a lot of tech stocks you know it really really well with it for individual assets mutual funds. And but since since that whole thing busted they really haven't been able to recount their old -- is not used to -- over fifty. Before today it was a ground and -- eleven bucks. So you're the two of them have kind of struggled -- seventy years old again he's going to affirm that you know much much smaller. Yet the market slogan it lives -- say investors collect -- and it there optimistic I think there are incensed that need be grows we'll build up us and fixed income -- Maybe bring over a lot of a lot of investors -- now from him you know over -- You know that be sort of a rash move. It's it's automatically do that can -- has a pretty big infrastructure -- right but somebody adjusting to the east and east you investors. Past their -- now. Trying to find new glory together not really convinced it is it -- and will be watching to see if this works out in the meantime stay tuned for more breaking views. Next week.

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Breakingviews: Bond king's new throne

Friday, September 26, 2014 - 02:47