With kid gloves and after great patience, Morningstar yanks gold-level rating on PIMCO Total Return Fund and predicts possible exit of 'tens of billions' in assets
The Chicago fund tracker says the cut to the bronze level suggests positivity but lack of
Marty Morua
This one sentence in the article….......“Gross was probably the most important individual at PIMCO and was the face of the organization. His departure matters”...... reminds me of Apple and Jobs.
Steve Jobs was the face of Apple as well as being one of the most followed CEO’s of any industry. Iconic and beloved. Many thought if/when Steve passes, Apple will soon afterwards also fade away. Nope…. its still going strong with record iPhone sales.
PIMCO will survive. This is a bad speed bump but in the end, will work out.
Marty Morua
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Jeff Mello is latest to join eMoney's talent exodus but CEO Ed O'Brien says it's healthy renewal at a firm that added several hundred people since Fidelity bought it
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Pete Giza and Damon Deru go for Holy Grail of portfolio rebalancing with software that shuffles stocks, bonds... and asset classes; Believe it?
The RedBlack and TradeWarrior executives see old systems as 'archaic' yet know that the Black Diamonds, Morningstars, Orions and Tamaracs see rebalancing as a loss leader
June 11, 2019 at 9:49 PM
Morningstar, Inc.
TAMP
Top Executive: Joe Mansueto
