Popularized in films like Limitless, legal smart drugs called Nootropics are becoming more and more prevalent in board rooms and on Wall Street.Keep reading »
The good news: Bill Gross is taking baby steps toward being comfortable with employees looking him in the eye and one day might even be able to sustain an entire conversation in which no one averts their gaze. The less good news: performance year to date.
The Pimco Total Return Fund, the world’s largest bond fund, is trailing 87 percent of its peers so far this year, according to Morningstar data on Friday, in the latest setback for co-founder Bill Gross. The Pimco Total Return, the Newport Beach, Calif. firm’s flagship portfolio, is posting returns of 1.28 percent year-to-date as of March 27, trailing the benchmark Barclays U.S. Aggregate index by 75 basis points for the same period, according to Morningstar. Pimco, which oversaw $1.91 trillion in assets as of Dec. 31 according to the firm’s website, has been in the spotlight since January’s announcement that Mohamed El-Erian was resigning as Pimco’s chief executive officer and co-chief investment officer. February and March were brutal months for the Pimco Total Return Fund.
Earlier: Mohammed El-Erian May Have Left Pimco Because Of A Chronic And Debilitating Condition That Caused Him To Regularly Look People In The Eye; Don’t Get Caught On “His” Side: A Survival Guide For Pimco Employees; Pimco Investor Considering Pulling Out Over Secretariat’s Erratic Behavior, Some Other Stuff