Erasing the 2007-2009 bear market from 10-year stock returns has made ‘long-term’ performance look stellar, even though recent returns are unexceptional. Source: NYT > Business – JEFF SOMMER
Strategies: Once the ‘Bond King,’ Bill Gross Is Retiring, His Star Dimmed
Mr. Gross was forced out of Pimco, which he co-founded in 1971, five years ago. His performance has lagged since he joined Janus Henderson Investments. Source: NYT > Business