Wednesday, April 7, 2010 as of 11:14 AM ET
Dr. Mohamed A. El-Erian (; born August 19, 1958) is the CEO and co-CIO of PIMCO, a global investment management firm and one of the world’s largest bond investors with approximately US$1.77 trillion of assets under management as of March 31, 2012.
Read More at Wikipedia ›Pimco is no longer buying Greek and Portuguese bonds but is buying and holding Italian and Spanish sovereign debt, Chief Executive Mohamed El-Erian tells German weekly newspaper Die Zeit in an interview to be published in Thursday's edition.
"It is important to make a clear distinction between individual countries; Spain isn't insolvent! Italy isn't insolvent!," El-Erian told the newspaper. "If Spain can convince investors that it is making progress in restructuring its banks, it won't need external help."El-Erian also said European governments should boost their rescue fund prior to asking the international community for financial support. He noted that loans by the International Monetary Fund to Portugal, Greece and Ireland already account for more than 60% of all loans provided by the fund.He also said the euro zone must take a clear decision on where it's heading in order to prevent a break-up of the currency union.Pimco is a subsidiary of Allianz SE (ALV.XE).Copyright © 2012 Dow Jo...U.S. House Speaker John Boehner broke off talks with President Barack Obama on Friday on a deficit-reduction deal to prevent a devastating default, derailing efforts...
NEW YORK (Reuters) - Mohamed El-Erian, co-chief investment officer of Pimco, on Thursday put low odds on a third round of U.S. monetary stimulus unless there is a "m...
WASHINGTON (Reuters) - Greece's sovereign debt restructuring is inevitable, PIMCO co-chief investment officer Mohamed El-Erian said on Sunday, warning the nation's p...
European shares retreated on Wednesday, with investors taking a cautious stance ahead of a U.S. Federal Reserve policy meeting that might provide a clearer picture a...
Greece's government won a vote of confidence late on Tuesday, a crucial step toward securing further short-term and longer-term financial aid from the European Union...
Mohamed El-Erian, chief executive officer of Pimco, which runs the world's biggest bond fund, weighs in on how world markets may react to the news that U.S. forces k...
Federal Reserve Chairman Ben Bernanke on Wednesday will likely use his first-ever news conference on monetary policy to hammer home the case for a patient approach t...
Oil fell sharply Monday after ratings agency S&P cut its U.S. credit outlook to negative and OPEC ministers said high prices could place a major strain on consumer c...
By Jennifer AblanNEW YORK (Reuters) - Bill Gross and MohamedEl-Erian, co-chief investment officers of bond giant PIMCO,have not been approached by the Obama administ...
* Bond prices surge as investors bet on easing (Updates markets, adds details)By Mark Felsenthal and Pedro da CostaWASHINGTON (Reuters) - The Federal ReserveTuesday ...
(Updates with market reaction following Federal Reservepolicy-making meeting, adds byline)By Manuela Badawy and Herbert LashNEW YORK (Reuters) - World stocks rallied...
* Fed sees recovery modest in the near term (Recasts, adds details, quotes, market reaction)By Mark Felsenthal and Pedro da CostaWASHINGTON (Reuters) - The Federal R...
Giant bond-fund manager Pacific Investment Management Co., or Pimco, announced Tuesday that it opened an office in Brazil, its first in Latin America.The opening "is...
NEW YORK (Reuters) - The Federal Reserve on Wednesday dialed up its aid to the beleaguered U.S. economy, launching an effort to put more downward pressure on long-te...
FRANKFURT (Reuters) - German insurer Allianz <ALVG.DE> has separated Pacific Investment Management (PIMCO) from its other asset management business to prepare it for...
An eleventh-hour deal to raise the U.S. debt ceiling may have postponed an embarrassing default by the U.S. government, but it does little to remove the threat of an...
The U.S. avoided a fiscal crisis with an eleventh hour debt ceiling deal, and the markets are recovering from its fainting spell that the U.S. might default for the ...
Rob Kaplan was 48 years old when he decided to retire as vice chairman of Goldman Sachs Group Inc. (NYSE:GS).The year was 2006, a mortgage-fueled U.S. economy revved...
By Steven C. Johnson and Richard LeongNEW YORK (Reuters) - Global financial markets have been more than patient throughout this summer's struggle over raising the U....
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