Newport Beach Newswire

Newport Beach Newswire

Comprehensive Real-Time News Feed for Newport Beach, CA.

Results 1 - 16 of 16 for "" in Newport Beach, CA

  1. Can Pimco's new CEO escape the shadow of Bill Gross?Read the original story w/Photo

    Wednesday Jul 27 | InvestmentNews

    "When you look at the mutual fund industry, when you look at the way they manage your 401 ," a grinning Emmanuel "Manny" Roman told a TED Talk in London, "it's a really, really sad story." Mr. Roman's performance didn't put off Dan Ivascyn, chief investment officer of Pacific Investment Management Co., one of that industry's tarnished stars.


  2. HighTower Advisors gains traction in RIA marketRead the original story w/Photo

    Tuesday Jul 26 | InvestmentNews

    HighTower Advisors added a record eight teams during the first half of the year, attracting $2.54 billion in assets by either buying advisory businesses or folding them into a platform where owners give up a portion of revenue for services in technology, investment research and compliance. That growth extends the pace set last year, when HighTower added 14 teams and $5.1 billion in assets during all of 2015.


  3. Man Group's Emmanuel Roman named Pimco's new CEORead the original story w/Photo

    Jul 20, 2016 | InvestmentNews

    Pacific Investment Management Co. named Emmanuel "Manny" Roman as its next chief executive officer, replacing Douglas Hodge, who presided over a tumultuous time that included the departure of Bill Gross and a plunge in assets at the firm.


  4. Layoffs hit Pimco, GMO as assets shrink amid flight from active managementRead the original story w/Photo

    Jun 17, 2016 | InvestmentNews

    Layoffs have been scarce in the mutual fund industry, but they have hit two complexes recently: GMO and Pimco, which are suffering from declining assets as investors flee active management in favor of passive strategies. Boston-based Grantham, Mayer & Otterloo has cut about 10% of its 650-person staff, according to Bloomberg.


  5. RIAs weigh in on the best financial advice they received from their dadsRead the original story w/Photo

    Jun 17, 2016 | InvestmentNews

    We rely on experience and the guidance of professionals when it comes to managing our finances, but it's often the parental advice imparted to us as children that shapes our relationship with money. So when 150 of the country's most successful registered investment advisers gathered at TD Ameritrade Institutional 's 2016 Elite LINC just ahead of Father's Day, we wanted to hear about the best financial advice these pros received from their parents.


  6. Pimco's new catchphrase to sum up the gobal economy: stable, but not secureRead the original story w/Photo

    Jun 2, 2016 | InvestmentNews

    The Newport Beach, Calif. investment giant's most recent outlook calls for growing and heightened uncertainty, thanks in part because governmental policies have reached the point of exhaustion.


  7. Investors poured $32 billion into bonds in March with Vanguard, BlackRock dominatingRead the original story w/Photo

    Apr 15, 2016 | InvestmentNews

    Investors poured an estimated $31.9 billion into bond funds in March, and investment advisers did much of the pouring. The inflow to bond funds was the most since January 2013, when bond funds saw a net $32.6 billion come in, says Morningstar , the Chicago investment trackers.


  8. Pimco: Bill Gross warned he'd lose $200M bonus for quittingRead the original story w/Photo

    Apr 5, 2016 | InvestmentNews

    Bill Gross was warned he would lose his bonus if he quit Pacific Investment Management Co. before the end of the quarter, Pimco said in a court filing, challenging the central claim in his lawsuit against his former employer seeking hundreds of millions of dollars.


  9. United Capital acquires digital planning tool FlexScoreRead the original story w/Photo

    Feb 19, 2016 | InvestmentNews

    Advisory firm United Capital has acquired FlexScore, an online platform that produces a single number to represent a consumer's financial health. Newport Beach, Calif.-based advisory firm United Capital has acquired FlexScore, an online platform that produces a single number to represent a consumer's financial health.


  10. Bond markets underestimating the Fed, Goldman and Pimco warnRead the original story w/Photo

    Feb 4, 2016 | InvestmentNews

    Goldman Sachs Group Inc. and Pacific Investment Management Co. say bonds are poised to fall and traders aren't prepared for how far the Federal Reserve will raise interest rates.


  11. Pimco names Bernanke to new advisory boardRead the original story w/Photo

    Dec 7, 2015 | InvestmentNews

    Former Federal Reserve Chairman Ben Bernanke, ex-U.K. Prime Minister Gordon Brown, and former European Central Bank President Jean-Claude Trichet will help lead a new Global Advisory Board for Pacific Investment Management Co. They, along with Ng Kok Song, former chief investment officer of Singapore's GIC Pte, and Anne-Marie Slaughter, an ex-director of policy planning for the U.S. State Department, will provide Pimco their "collective view on global economic, political and strategic developments and their relevance for financial markets," the Newport Beach, Calif.-based firm said in a statement Monday.


  12. Bill Gross says investors should protect investments, not search for higher returnsRead the original story w/Photo

    Dec 3, 2015 | InvestmentNews

    Bill Gross says investors should move to protect their money in 2016 rather than reach for higher returns as central bank efforts to stimulate the global economy set the stage for markets to ultimately fall. Mr. Gross, the former manager of the world's largest bond fund who joined Janus Capital Group Inc. last year, said central bankers have been doing the equivalent of printing money and acting like gamblers who keep doubling bets to recoup losses.


  13. Gibson Smith, Janus fixed income CIO, to leave in March 2016Read the original story w/Photo

    Dec 2, 2015 | InvestmentNews

    Gibson Smith, fundamental fixed-income chief investment officer at Janus Capital Group , will leave the money management firm March 31, said a news release Wednesday. Mr. Smith, who has been credited with helping build the firm's fundamental fixed-income business, is leaving to spend more time with his family, the news release said.


  14. Pimco fires back at GrossRead the original story w/Photo

    Nov 9, 2015 | InvestmentNews

    Money manager says lawsuit over his departure looks more like a screenplay than a legal filing and should be thrown out Pacific Investment Management Co. fired back at Bill Gross, the co-founder who oversaw the firm's ascent for 43 years, saying his lawsuit over his departure looks more like a screenplay than a legal filing and should be thrown out.


  15. Pimco Total Return suffers 30th-straight month of investor outflowsRead the original story w/Photo

    Nov 3, 2015 | InvestmentNews

    Former world's largest mutual fund fell to $93.7 billion in assets but Pimco Income Fund topped $50 billion in assets Redemptions at the Pimco Total Return Fund reached 30 straight months in October as the former world's largest mutual fund fell to $93.7 billion in assets. The Pimco Income Fund continues to head in the other direction, surpassing $50 billion in assets for the first time as group chief investment officer Daniel Ivascyn's pool has attracted $11.5 billion in net new cash this year, according to Newport Beach, Calif.-based Pacific Investment Management Co.


  16. Veteran Merrill Lynch adviser jumps to UBSRead the original story w/Photo

    Oct 16, 2015 | InvestmentNews

    A veteran adviser of Merrill Lynch with about $425 million in client assets, has jumped ship to UBS Wealth Management . Mark Wilkins, a financial adviser for Merrill's elite private banking and investment group, began at UBS on Thursday and is working out of its St. Louis branch, according to UBS spokesman Gregg Rosenberg.


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