Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries These “Wall Street Titans” Pay 10%, and They’re Ready for a Big Bull Run By: Contrarian Outlook June 15, 2023 at 05:00 AM EDT Bill Gross is one of the great characters in the investment world: flamboyant, bold—and generally disliked by those who worked for him. But his PIMCO Total Return Fund saw over 9% annualized returns in its first decade, despite being a supposedly “boring” bond fund. Those gains made Gross one of the most powerful people on Wall Street—so much so that during the subprime mortgage crisis of 2007 to 2009, the government called on PIMCO to help take care of the toxic assets that had sparked the worst recession in a century. PIMCO’s Contrarian Subprime Play Paid Off Big Gross, for his part, did help, thereby helping investors earn even more money.… Read more Read More >> Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
These “Wall Street Titans” Pay 10%, and They’re Ready for a Big Bull Run By: Contrarian Outlook June 15, 2023 at 05:00 AM EDT Bill Gross is one of the great characters in the investment world: flamboyant, bold—and generally disliked by those who worked for him. But his PIMCO Total Return Fund saw over 9% annualized returns in its first decade, despite being a supposedly “boring” bond fund. Those gains made Gross one of the most powerful people on Wall Street—so much so that during the subprime mortgage crisis of 2007 to 2009, the government called on PIMCO to help take care of the toxic assets that had sparked the worst recession in a century. PIMCO’s Contrarian Subprime Play Paid Off Big Gross, for his part, did help, thereby helping investors earn even more money.… Read more Read More >>