Author Archive

Inside the Showdown Atop The World’s Biggest Bond Firm

| March 25, 2014 | 0 Comments

Feb. 24, 2014 NEWPORT BEACH, Calif.—Tension increased at Pacific Investment Management Co.’s headquarters here last summer. The bond market was under pressure, losses grew and clients pulled billions of dollars from the firm. Bill Gross, who co-founded Pimco in 1971 and is largely responsible for building it into a behemoth overseeing almost $2 trillion in […]

Filed Under: Financial News, Trades

Worried About a Bear Market In Bonds? Here’s What You Can Do

| March 5, 2013 | 0 Comments

Q: Are there ways to protect a portfolio from a bear market in bonds? A: There’s growing concern in bond land. The stock market is firming, some investors are shifting cash from bonds to equities, and interest rates, still near all-time lows, likely will move higher over the next few years if the economy keeps […]

Filed Under: Articles, Financial News

Stocks Testing Records—But There’s Still Room to Run

| March 5, 2013 | 0 Comments

By GREGORY ZUCKERMAN The market is surmounting a wall of worries to approach all-time highs. The best news: There are reasons to think the good times will continue.

Filed Under: Articles, Financial News, Trades

‘London Whale’ Sounded an Alarm on Risky Bets

| March 5, 2013 | 0 Comments

By DAN FITZPATRICK, GREGORY ZUCKERMAN and SCOTT PATTERSON The J.P. Morgan Chase JPM +0.79%& Co. trader known as the “London whale” tried to alert others at the bank to mounting risks months before his bets ballooned into more than $6 billion in losses, according to people familiar with emails reviewed by J.P. Morgan and a […]

Filed Under: News, Trades

Paulson Holds on to Gold Bet as Others Dump Yellow Metal

| March 5, 2013 | 0 Comments

By GREGORY ZUCKERMAN John Paulson still believes in gold. That has been a painful stance lately. But Monday finally brought some good news for the well-known hedge-fund manager and other gold bulls.

Filed Under: Gold, John Paulson

The hottest trade on Wall Street–Betting against the Japanese Yen

| March 5, 2013 | 0 Comments

By GREGORY ZUCKERMAN Some of the biggest U.S. hedge-fund investors have made billions betting against the yen, exploiting Japan’s determination to weaken its currency and boost its economy. Wagering against the yen has emerged as the hottest trade on Wall Street over the past three months. George Soros, who made a fortune shorting the British […]

Filed Under: Trades