Over the same period, corporations offered fewer pensions and U. Each factor helped create significant demand for services Pimco offered as a bond specialist.
The market environment changed abruptly when the Federal Reserve and other central banks globally responded to the financial crisis by buying government bonds and other assets to stimulate the economy. And his assertions that bonds were now in a bear market ran against continued demand for safe assets and easy monetary policy that kept rates low.
Bill Gross, once Wall Street's 'Bond King,' retires after rocky second act
Bryant retired from the NBA in after winning five championships; James had won three as of Proceeds collected from his Finnish and Scandinavian stamps went to Columbia University. In addition to his philanthropic offerings, he has also donated millions of dollars to Duke University, University of California, Cedars-Sinai, and Mercy Ships. In , he made the list of self-made billionaires and powerful people in the United States according to Forbes.
Bill Gross Resource Page
Your Money. Personal Finance. Your Practice. Popular Courses. Login Newsletters. Bill Gross has three kids and is married to Sue Gross.
Investor helped make Pimco a powerhouse, but his later returns were underwhelming
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Home Personal Finance. By Brett Arends.
Bill Gross, once Wall Street's 'Bond King,' retires after rocky second act By Reuters
Comment icon. Text Resize Print icon. By Brett Arends Columnist. Bill Gross once ruled the bond markets.