Bill Gross’ Departure from PIMCO

A guest post by Wei Trieu. On September 26, 2014, Bill Gross announced his sudden departure from PIMCO, the firm he co-founded in 1971. This shake-up comes at an already troubling time for the investment company after the heir apparent, Mohamed El-Erian, announced his resignation earlier in the year. The firm’s flagship Total Return fund … Continue reading Bill Gross’ Departure from PIMCO

The End is Near

After almost six years and over $4.4 trillion in asset purchases, the Federal Reserve plans to end its unprecedented monetary policy known as quantitative easing, or “QE,” in November 2014. Though the end of QE has been widely anticipated, the actual termination of the policy represents a major turning point for financial markets, a point … Continue reading The End is Near

Mid-Year Summary

Despite a surprise slowdown of US economic growth in the first quarter, the stock market has continued to climb higher. The S&P 500 is up by over 7% year-to-date. US equity REITs have been especially strong, already returning more than 17% so far in 2014. Meanwhile, the benchmark 10 year US Treasury yield has fallen … Continue reading Mid-Year Summary

More Than Camaradarie

Those who follow BCM know that I've been watching Russian equities for some time.  In the past, I've joked that Russia has more to offer than just stiff vodka and camaraderie -- but it's true.   For example, Russia has vast deposits of natural resources including coal, timber, minerals, and natural gas.  A little-appreciated fact … Continue reading More Than Camaradarie