Noted bank analyst Dick Bove is joining New York-based brokerage firm Rafferty Capital Markets LLC. Bove said Wednesday he will begin publishing research again in about a month…Bove said he moved to Rafferty because the firm doesn’t have an asset management or investment banking branch. “I really wanted to do pure research and nothing else. Rafferty gives me that opportunity,” he said. [WSJ, earlier, earlier]
sighs of relief
Back in February, a disturbing report was published claiming that Lloyd Blankfein had plans to step down from his position as CEO of Goldman Sachs “as early as this summer.” The idea of a world without Blankfein’s sass, twinkle, street roots, and I-am-unable-to-hold-back-exactly-what-I-think-of-what-you’re-saying-via-the-expression-on-my-face face was more than a little unpalatable and extremely tough to take. Luckily, we don’t have to. Appearing on CNBC earlier today, Lloyd told Gary Kaminksy that 1) former employee Greg Smith never brought up any of his gripes in 360 reviews and 2) he’s not going anywhere. Read more »
PIMCO Pantry’s Supply Of Gourmet Popcorn In The Garbage Can-Sized Tins Will Live To See Another Day
By Bess Levin
Bill Gross’s Pimco Total Return Fund, the world’s biggest mutual fund, attracted $231 million in investor deposits in January as performance rebounded. The new money ended three straight months of redemptions from Pimco Total Return, according to data compiled by Chicago- based Morningstar Inc. Investors pulled about $3 billion from the fund in the three months ended Dec. 31, bringing withdrawals last year to $5 billion, the research firm said. The $250.5 billion Pimco Total Return has advanced 2.4 percent this year, beating 99 percent of similarly managed funds, according to data compiled by Bloomberg. [Bloomberg, related]
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