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Mohamed El-Erian

DoubleLine Hires Pimco Exec To Develop Business

Jeffrey Gundlach's DoubleLine Capital hired a product management executive from Pimco to run a newly formed product solutions group, the bond fund management firm said Monday. Ignacio Sosa will work on new investment products at DoubleLine, with a particular focus outside the United States. He was formerly an executive vice president of global bond product management at Pimco. Rival Pimco, founded by Bill Gross, has been at the center of negative publicity in recent months after the exit of CEO Mohamed El-Erian and following months of investor withdrawals. "For decades, fixed income assets have remained largely concentrated among a few investment firms because launches of new bond managers are rare events," Sosa said in a statement. "DoubleLine has proven the happy exception since its founding a little more than four years ago."Copyright © 2014 MarketWatch, Inc....

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    World markets have reacted calmly to the twists and turns of Cyprus's financial rescue in the last fortnight but many investors fear the economic fallout is yet to c...

  1. Investors Pulled $15.5 Bln From Pimco Last Quarter

    Pimco funds suffered $15.5 billion in investor outflows last quarter, including $7.3 billion last month alone, according to Morningstar data released Wednesday. The ...

  2. Pimco Total Return Has 11th Month Of Outflows

    Investors pulled a net $3.1 billion from the Pimco Total Return Fund in March, marking the 11th consecutive month of outflows for the world's largest bond fund, acco...

  3. Pimco Total Return Lagged 95% Of Peers In March

    The Pimco Total Return Fund , run by bond manager Bill Gross, returned negative 0.57% in March, lagging 95% of peers, according to Morningstar data estimates release...

  4. Pimco's Gross says returns on risk assets depend on Fed

    Bill Gross, manager of the world's largest bond fund at Pimco, said Tuesday that risk assets should outperform cash this year and post higher returns if central bank...

  5. Could Slowing Credit Growth Hurt Risk Assets?

    Pimco's Bill Gross, manager of the world's largest bond fund, said on Wednesday that the lower U.S. government deficit is slowing credit growth, a phenomenon that co...

  6. Pimco Total Return Fund Rises 1.35% in January

    The Pimco Total Return Fund, the world's largest bond fund run by Bill Gross, rose 1.35 percent in January after posting its worst annual loss since 1994 last year, ...

  7. Pimco Appoints Four More Deputy CIOs

    Pimco, the world's largest bond fund manager, said on Wednesday the firm had appointed four additional deputy chief investment officers ahead of CEO Mohamed El-Erian...

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