Financial Investment Management

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PIMCO's Gross blasts own industry for high fees

Reuters US Online Report Top News 116 days ago

NEW YORK (Reuters) - Bill Gross, the influential manager who runs top bond fund PIMCO, on Wednesday lambasted his industry for charging investors hefty fees for subpar performance amidst the worst economic crisis since the Great Depression. In his latest investment letter ...

Australia's NAB takes 80% of management business

AFP Asian Edition 117 days ago

National Australia Bank (NAB) Wednesday said it would take an 80.1 percent stake in Goldman Sachs JBWere's Australia and New Zealand private wealth management business, in its latest move into the sector. NAB, one of Australia's "big four" banks, will spend 99 ...

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