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Q&A With Bill Gross: Why Interest Rates Must Rise

TedTed
in Fund Discussions
FYI: (Click On Article At Top Of Google Search)

Home, they say, is where you make it. For Bill Gross, 71, manager of the Janus Global Unconstrained Bond fund, home these days is a small suite in an office tower in Newport Beach, Calif., down the road from Pacific Investment Management, or Pimco, the asset-management firm he co-founded in 1971 and ran until leaving abruptly in 2014, following a few years of poor investment results and an ugly management spat.
Regards,
Ted
https://www.google.com/#q=Bill+Gross:+Why+Interest+Rates+Must+Rise+Barron's

Comments

  • fundalarmfundalarm
    a bit more subdued for Bill.

    one item that caught my attention is his recommendation of munis -- something that is discussed on another thread. he still likes access those through closed end fund structure since leverage is cheap and helps increase yields. he does name three other securities he likes (2 CEFs and a reit) JPC - financial preferreds, DPG - utilities and NLY. it so happened that i purchased JPC on friday for its relative discount compared to all other similar offerings... don't think Bill's recommendation nowadays carries as much weight as it had before though, but it might have a short-lived price spike monday. ..
  • AndyJ
    JPC is up almost 3% at the Monday open, 325k shares traded, more than average daily volume in the first 15 minutes. Bill the G. must still have some influence!
  • fundalarmfundalarm
    barron's/ bill jump usually dissipates a few weeks after the mention. no need to jump in.
  • AndyJ
    fundalarm said:

    barron's/ bill jump usually dissipates a few weeks after the mention. no need to jump in.

    Wouldn't even dream of it.
  • TedTed
    @MFO Members: One of my core holding for income is one of Bill's recommendation NLY. They just purchased Hatteras Mortgage that bodes well for future earnings, and with a 11.5% yield should be given serious consideration.
    Regards,
    Ted
  • AndyJ
    Annaly didn't move a lot, but Gundlach started recommending it months ago and it's already had a very nice run. Not saying those last two points are necessarily related 1:1 ...
  • TedTed
    AndyJ: Investors in Annaly Capital Management didn't take too kindly at first to Monday's news that the real estate investment trust had struck its biggest deal yet: Shares of the company, which invests in mortgage debt, fell as much as 2.4 percent. By afternoon, shareholders were starting to come around and the stock had mostly recovered -- for good reason.
    Regards,
    Ted
    http://www.bloomberg.com/gadfly/articles/2016-04-11/annaly-capital-deal-may-prompt-mortgage-reit-consolidation?cmpid=yhoo.headline
  • AndyJ
    Thanks for the background,Ted.
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