Bond funds

An AQR executive just sketched a blueprint for traders seeking to hitch a high-octane ride on the global credit cycle.

The hiring will “reflect the changing nature of fund management,” a company spokeswoman said.

The products have benefited from the past decade of “economic expansion and bull market for risk assets,” one expert says.

Nick Maroutsos’ vision for JUCTX, which lost over half of its assets when the ex-bond king pulled out, is far different from the unconstrained strategy.

The firm plans a 0.2% to 0.5% allocation to the products in its global and international fixed-income index portfolios.

Data reported by the Investment Company Institute.

“Just like equities, last year was a volatile year and the fourth quarter of 2018 did a number on the returns of risk assets,” an expert says.

The renamed Janus Henderson Absolute Return Income Opportunities Fund reflects a “team entity, not a single manager,” new lead manager Nick Maroutsos says.

The development is part of an intensifying price war and focuses more attention on the specter of zero-fee funds.

Data reported by the Investment Company Institute.

The onetime king of the bond market doesn’t blame his personal ordeals for poor investment decisions; in fact, he says, they probably made him better.

Beacon Capital is shifting to the manager’s sector products after volatility late last year prompted it to sell stock funds and hole-up in debt.

The firm’s acting head has cut jobs and merged teams to reign in withdrawals that began after manager Tim Haywood’s suspension, who was dismissed Thursday.

The average fee was nearly 20 basis points higher than the top-performer.

Although the issuer has amassed $127 billion in less than a decade, only four of the firm’s 22 ETFs focuses on debt.

Fresh doubts about whether star managers can deliver consistently superior returns have been raised following Bill Gross’ retirement.

Data reported by the Investment Company Institute.

At Pimco, the fixed-income giant he co-founded, Bill Gross racked up one of the longest winning streaks of any money manager.

The funds include a wide range of offerings from emerging markets to precious metals, multi-strategy and REITs.

High-yield and leveraged loan funds “rebounded incredibly strongly (too strongly, possibly),” a strategist writes.