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☆ State of macro: Hedge funds Point72 and Pan Capital are adding talent, while Schonfeld, Brevan, and Walleye cut back
▼ + stars: | 2024-03-26 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Read previewIn what has been billed to be the year of macro, hedge funds are taking diverging paths on the sector. This story is available exclusively to Business Insider subscribers. Related storiesTwo people familiar with the changes told Business Insider that Jaime Villa, Schonfeld's head of macro research, is no longer with the asset manager. And despite the popularity the strategy might have with allocators at the moment, funds are still quick to cut underperformers. Brevan Howard, one of the biggest macro players in the world, cut dozens of investors earlier this month after its biggest loss on record in February.

Persons: —, Chris Rokos, Jaime Villa, Schonfeld's, Villa, Colin Lancaster, Mitesh, Jerome Sargoussi, Eisler, Raj Sethi, Brevan Howard, Steve Cohen's Point72, Mo Grimeh, Bloomberg —, Grimeh, Brett Gardocki — Organizations: Service, Federal, Business, Pimco, KKR, SPX, Walleye, Bloomberg, Millennium, Pan, Former Walleye Locations: Schonfeld's London, New York, Minnesota, Stamford, Houston, Hong Kong

☆ This House and Congress in general have been really unproductive, says PIMCO's Libby Cantrill
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis House and Congress in general have been really unproductive, says PIMCO's Libby CantrillLibby Cantrill, PIMCO head of U.S. public policy, joins 'Squawk Box' to discuss the $1.2 trillion funding bill to avert a government shutdown, prospect for more legislation getting passed before the election, gridlock in Washington, and more.

Persons: PIMCO's Libby Cantrill Libby Cantrill Locations: gridlock, Washington

☆ Former Fed Vice Chair Clarida sees possibility of fewer rate cuts than expected this year
▼ + stars: | 2024-03-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Stubbornly high inflation could push the Federal Reserve into a more cautious stance this year regarding interest rate cuts, the central bank's former vice chair said Friday. "If the Fed were targeting CPI right now, we wouldn't even be discussing rate cuts," Clarida said. A Chicago Fed measure of financial conditions is at its loosest since January 2022. "What I think is going on here is a delicate balance that [Powell is] trying to navigate," Clarida said. "Financial conditions will very naturally start to ease when they get the sense the Fed is done and [will start] cutting.

Persons: Richard Clarida, Jerome Powell, Clarida, Powell Organizations: Federal Reserve, Market, Fed, Commerce Locations: Atlanta

☆ PIMCO expects first rate cut in June
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPIMCO expects first rate cut in JuneTiffany Wilding, PIMCO economist, joins 'Money Movers' to discuss whether PIMCO's changed its view on what to expect from the Federal Reserve, when it should start cutting rates, and more.

Persons: PIMCO, Tiffany Wilding, PIMCO's Organizations: Federal Reserve

☆ Korea is a cheap entry point into AI and tech, says PIMCO's Erin Browne
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKorea is a cheap entry point into AI and tech, says PIMCO's Erin BrowneErin Browne, PIMCO, joins 'Closing Bell' to discuss her investing playbook and her stock outlook.

Persons: PIMCO's Erin Browne Erin Browne Organizations: Korea

Kevin Plank, founder of Under Armour, during a CNBC interview on "Mad Money" on Feb. 28, 2018. Under Armour announced on Wednesday that CEO Stephanie Linnartz is stepping down from her role just over a year after she started, and founder Kevin Plank will return as the brand's chief executive. Linnartz took over as Under Armour's CEO in February 2023 after spending nearly 30 years at Marriott International, most recently as its president. Plank will remain a director on Under Armour's board but will hand over the chair position to Mohamed El-Erian, chief economic advisor at Allianz, Pimco's parent company. In a statement, Linnartz said she feels "honored" to have served as Under Armour's CEO.

Persons: Kevin Plank, Armour, Stephanie Linnartz, Linnartz, Plank, Mohamed El, Stephanie Organizations: CNBC, Marriott International, Allianz, Armour's

☆ The rarest US stamp is going up for auction. It’s expected to sell for millions
▼ + stars: | 2024-03-13 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +5 min

This summer, philatelists will have a chance to snag the rarest US stamp ever: the 1868 one-cent “Z-grill.”Interested? On June 14, the one-cent Z-grill will be put up for sale by Robert A. Siegel Auction Galleries, marking the first time the rare stamp has been on auction since 1998. Of the two known copies of the one-cent Z-grill, one is held by the New York Public Library. That leaves only one one-cent Z-grill available to private collectors. “There’s multiple stamps that’ll bring $500,000 or $750,000, but the (one-cent) Z-grill is the star of the show,” Shreve said.

Persons: Robert A, Bill Gross, “ It’s, ”, Charles Shreve, Gross, “, Benjamin Franklin, Scott Trepel, ” Trepel, Trepel, Jerry Buss, Shreve, ‘, ’ ” Shreve, Don Sundman, ” Shreve Organizations: CNN, British, New York Public Library, US Post, Los Angeles Lakers, Pacific Investment Management Company, US Postal Service Locations: New York, British Guiana

☆ PIMCO's Schneider talks extending interest-rate exposure beyond money funds
▼ + stars: | 2024-03-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPIMCO's Schneider talks extending interest-rate exposure beyond money fundsCNBC's Rick Santelli and PIMCO's Jerome Schneider discuss the latest inflation data's impact on Fed policy and the bond market.

Persons: PIMCO's Schneider, Rick Santelli, PIMCO's Jerome Schneider

☆ CPI data very consistent with Fed easing rates in June, says former PIMCO chief economist
▼ + stars: | 2024-03-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCPI data very consistent with Fed easing rates in June, says former PIMCO chief economistPaul McCulley, former PIMCO chief economist and Georgetown University adjunct professor, joins 'Squawk on the Street' to discuss what the CPI report means for the Fed's next meeting, what would give the Fed more comfort to cut rates in June, and mo

Persons: Paul McCulley Organizations: Georgetown University

☆ President Biden's economic agenda could face headwinds if reelected: PIMCO's Libby Cantrill
▼ + stars: | 2024-03-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPresident Biden's economic agenda could face headwinds if reelected: PIMCO's Libby CantrillLibby Cantrill, PIMCO head to U.S. public policy, joins 'The Exchange' to discuss President Biden's economic agenda following the State of the Union, the odds of a Democrat majority Congress and Senate if President Biden wins reelection, and more.

Persons: PIMCO's Libby Cantrill Libby Cantrill, Biden Organizations: Union, Democrat

☆ Pimco's Sonali Pier lets her 'cautious contrarianism' speak for itself: The bets she's making now
▼ + stars: | 2024-03-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

In this article Follow your favorite stocks CREATE FREE ACCOUNTSonali Pier is a portfolio manager with PimcoPimco's Sonali Pier strives for outperformance. Pier has risen through the ranks since joining Pimco and is now a portfolio manager within the firm's multi-sector credit business. Her father also raised her to value education and hard work, Pier said. Where Pier is bullishRight now, Pier prefers developed markets over emerging markets and the U.S. over Europe. However we can most efficiently express our view and trade that will lead to the best total return," Pier said.

Persons: Sonali, Pimco Pimco's Sonali, Pier, she's, Morningstar, It's, Mike Mulach, Mulach Organizations: Princeton University, JPMorgan, Pimco, Morningstar, Fund, SEC, Bloomberg Global Credit Locations: New York, California, Russia, Ukraine, U.S, Europe, financials

☆ No urgency from Fed Chair Powell when it comes to easing interest rates, says Paul McCulley
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNo urgency from Fed Chair Powell when it comes to easing interest rates, says Paul McCulleyPaul McCulley, Former Chief Economist at PIMCO, joins 'Fast Money' to talk Fed Chair Powells testimony on Capitol Hill today and the main takeaways from it.

Persons: Powell, Paul McCulley Paul McCulley Organizations: Capitol

☆ The Fed will be data oriented even during a presidential election year, says PIMCO's Libby Cantrill
▼ + stars: | 2024-03-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed will be data oriented even during a presidential election year, says PIMCO's Libby CantrillLibby Cantrill, PIMCO head to U.S. public policy, joins 'Squawk Box' to discuss the history of the Federal Reserve's policy actions during a presidential election year, the state of the 2024 race, and more.

Persons: PIMCO's Libby Cantrill Libby Cantrill

☆ Unilever and Dell have shut down some sustainability marketing initiatives as big corporations embrace 'green hushing'
▼ + stars: | 2024-02-27 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

Late last month, computing giant Dell cut part of its marketing team that focused on sustainability and other ESG-related marketing roles, Business Insider has learned. This story is available exclusively to Business Insider subscribers. AdvertisementThis is feeding into a growing trend of "green hushing," where companies stop publicizing their sustainability efforts due to concerns around regulatory scrutiny or a consumer backlash, experts say. Other sustainability agencies have been absorbed into wider offerings, R3 EVP of delivery Sarah Tan told Business Insider. Leo Rayman, head of the sustainability consultancy and venture studio Eden Lab, said that the green hushing phenomenon could suggest a sign of maturity in the space.

Persons: we're, Hein Schumacher, hushing, Pimco, , Harriet Kingaby, Sarah Tan, Kingaby, Bud, Bud Light, influencer Dylan Mulvaney, Guy Parker, — that'll, Parker, Leo Rayman, Rayman, Townsend Organizations: Dell, Business, Unilever, JPMorgan, State, ACT Climate Labs, Media, Advertising Network, Brands, Green Guides, Standards Authority, ASA, BMW, Shell, Etihad Airways, Competition, Markets Authority, Eden, Sustainability

☆ What’s behind Wall Street’s flip-flop on climate?
▼ + stars: | 2024-02-20 | by ( David Gelles | ) www.nytimes.com time to read: +1 min

Many of the world’s biggest financial firms spent the past several years burnishing their environmental images by pledging to use their financial muscle to fight climate change. Now, Wall Street has flip-flopped. In recent days, giants of the financial world, including JPMorgan, State Street and Pimco, have pulled out of a group called Climate Action 100+, an international coalition of money managers that was pushing big companies to address climate issues. Bank of America reneged on a commitment to stop financing new coal mines, coal-burning power plants and Arctic drilling projects. And Republican politicians, sensing momentum, called on other firms to follow suit.

Organizations: JPMorgan, State, Bank of America, Republican Locations: BlackRock

☆ More Wall Street Firms Are Flip-Flopping on Climate. Here’s Why.
▼ + stars: | 2024-02-19 | by ( David Gelles | ) www.nytimes.com time to read: +1 min

Many of the world’s biggest financial firms spent the past several years burnishing their environmental images by pledging to use their financial muscle to fight climate change. Now, Wall Street has flip-flopped. In recent days, giants of the financial world including JPMorgan, State Street and Pimco all pulled out of a group called Climate Action 100+, an international coalition of money managers that was pushing big companies to address climate issues. Bank of America reneged on a commitment to stop financing new coal mines, coal-burning power plants and Arctic drilling projects. And Republican politicians, sensing momentum, called on other firms to follow suit.

Organizations: JPMorgan, State, Bank of America, Republican Locations: BlackRock

☆ Wall Street giants like JPMorgan and Pimco are walking back their environmental pledges after years of outspoken support for fighting climate change
▼ + stars: | 2024-02-19 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

Read previewSome Wall Street giants, many of which have spent the last few years pledging to fight climate change through corporate responsibility, are now retreating from some of their environmental initiatives. Founded in 2017, Climate Action 100+ initially launched as a five-year initiative that in 2022 was extended until 2030. AdvertisementFollowing the departures of JPMorgan, State Street, and Pimco, financial investors including Neuberger Berman, William Blair Investment Management, and Wellington Management remain members of Climate Action 100+, whose targeted companies include American Airlines, Chevron, and Procter & Gamble. Other finance giants have similarly stepped back from previous environmentally friendly initiatives, The New York Times reported. They include BlackRock, which scaled back its participation with Climate Action 100+ in recent weeks, as well as Bank of America, which walked back a pledge to stop financing coal.

Persons: —, Neuberger Berman, William Blair Organizations: Service, JPMorgan, State Street, Business, New York Times, Politico, State, William Blair Investment Management, Wellington Management, Climate, American Airlines, Chevron, Procter, Gamble, The New York Times, BlackRock, Bank of America

☆ Georgetown's Paul McCulley reacts to January's CPI report
▼ + stars: | 2024-02-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGeorgetown's Paul McCulley reacts to January's CPI reportPaul McCulley, former PIMCO chief economist, joins 'Squawk on the Street' to discuss the latest inflation data to cross the tape and more.

Persons: Paul McCulley

☆ Companies will continue to be able to deliver on earnings in 2024, says PIMCO's Erin Browne
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompanies will continue to be able to deliver on earnings in 2024, says PIMCO's Erin BrowneErin Browne, PIMCO portfolio manager, joins 'Closing Bell' to discuss adding equity risk to your portfolio.

Persons: PIMCO's Erin Browne Erin Browne Organizations: Companies

☆ PIMCO's Richard Clarida expects a mid-year Fed cut
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPIMCO's Richard Clarida expects a mid-year Fed cutRichard Clarida, PIMCO global economic advisor, joins 'Closing Bell' to discuss the hot jobs report and how he expects the Fed to react to the data.

Persons: Richard Clarida

☆ Market is correct pricing in three rate cuts, the question is 'timing', says PIMCO's Bill Gross
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket is correct pricing in three rate cuts, the question is 'timing', says PIMCO's Bill GrossHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Bill Gross, Brian Sullivan, “ Organizations: CNBC

☆ There is no urgency for the Fed to ease, says former PIMCO chief economist
▼ + stars: | 2024-01-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is no urgency for the Fed to ease, says former PIMCO chief economistPaul McCulley, former PIMCO chief economist, joins 'The Exchange' to discuss the timeline for rate cuts, Fed Chair Powell's strategy, and more.

Persons: Paul McCulley

☆ China's bank reserve ratio cut is a 'very bold policy step,' portfolio manager says
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's bank reserve ratio cut is a 'very bold policy step,' portfolio manager saysStephen Chang, managing director and Asia portfolio manager at Pimco, says the People's Bank of China is "much more mindful about market signals."

Persons: Stephen Chang Organizations: People's Bank of Locations: Asia, People's Bank of China

☆ The South Carolina primary will be 'make it or break it' for Nikki Haley, says PIMCO's Libby Cantrill
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe South Carolina primary will be 'make it or break it' for Nikki Haley, says PIMCO's Libby CantrillLibby Cantrill, PIMCO head of U.S. public policy, and CNBC's Brian Schwartz join 'Power Lunch' to discuss the presidential nomination campaigns and GOP funding.

Persons: Nikki Haley, PIMCO's Libby Cantrill Libby Cantrill, Brian Schwartz Locations: Carolina

☆ Short-term funding bill allows markets to 'ignore' Congress for another six weeks: PIMCO's Cantrill
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShort-term funding bill allows markets to 'ignore' Congress for another six weeks: PIMCO's CantrillLibby Cantrill, PIMCO head of U.S. public policy, joins 'Squawk Box' to discuss latest news out of Washington DC, state of Ukraine aid, border security, impact on the markets, and more.

Persons: PIMCO's, Libby Cantrill Organizations: Washington DC Locations: Washington, Ukraine

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