The Bond King: How One Man Made a Market, Built an Empire, and Lost It All

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UC Berkeley Inter-Fraternity Council: Sigma Alpha Mu". Archived from the original on November 19, 2007.

The Bond King: How One Man Made a Market, Built an Empire

Their neighbors didn't like the look of this net-covered sculpture. They said it obstructed their view and asked Bill and Amy to remove the sculpture. Bill and Amy refused. So the neighbors complained to the city of Laguna Beach, and the city ended up telling Bill and Amy they needed permits for the sculpture (apparently, Laguna Beach has a lot of regulations). Bond King' Bill Gross leaves Pimco, joins Janus". Daily Republic. September 26, 2014 . Retrieved May 15, 2019.Labaton, Stephen (December 10, 1988). "4th Drexel Employee in Immunity Bargain". The New York Times. ISSN 0362-4331 . Retrieved November 25, 2020. Milken's protege Terren Peizer had worked as a junk bond salesman for Milken, managing an account with which Drexel had an illegal arrangement that included insider trading and phony tax losses. [32] [33] [34] [35] [36] [37] Peizer provided material evidence to prosecutors against Milken. [38] At Milken's pre-sentencing hearing for securities fraud in 1990, Peizer testified against Milken in exchange for immunity from both criminal prosecution and SEC sanctions. [39] [40] [41]

the ‘bond king’ Bill Gross lost his crown | Financial Times How the ‘bond king’ Bill Gross lost his crown | Financial Times

Gross was born in Middletown, Ohio, the son of Shirley ( née Tait), a homemaker, and Sewell Mark Gross, a sales executive for AK Steel Holding. [2] [3] Part of his family is originally from Winnipeg, Canada. [4] He was raised a Presbyterian. [5] He moved with his parents to San Francisco in 1954. [3] Gross graduated from Duke University in 1966 as an Angier B. Duke Scholar, and with a degree in psychology. [6] Mangan, Dan (February 18, 2020). "Trump pardons Michael Milken, face of 1980s insider trading scandals". CNBC . Retrieved November 29, 2021. Overall, this was an interesting book. I think you’d probably need some basic knowledge of what bonds are to understand what’s going on, but once you have that, it’s easy enough to follow along. After all, the real story isn’t about how bonds work, but how Bill Gross made Pimco successful and how he lost control of it all.a b c d e f g h Dan G. Stone (1990). April Fools: An Insider's Account of the Rise and Collapse of Drexel Burnham. New York: Donald I. Fine. ISBN 1-55611-228-9. Trump grants clemency to former NYPD commissioner Bernie Kerik, financier Michael Milken". The Washington Post. Archived from the original on February 20, 2020 . Retrieved February 18, 2020. Gross built a team and Childs traces their personalities and quirks in the early chapters of The Bond King. Before there was CNBC and Bloomberg, there was Louis Rukeyser and public television's Wall Street Week. Gross was Rukeyser's go-to guest when he wanted to talk about the bond market, making Gross an industry celebrity. When cable exploded, he seamlessly transitioned to the new medium and can still be seen today, weighing in on the bond and broader market issues of the day.

The Bond King : Planet Money - NPR The Bond King : Planet Money - NPR

Judgment Day". New York Magazine. September 24, 1990. Archived from the original on May 26, 2013 . Retrieved April 22, 2016– via Google Books. In 2014 Gross was reported as one of a number of "prominent investors [who] have taken to Transcendental Meditation". [45] According to Forbes, Milken has given away between 5–10% of his fortune, earning a philanthropy score of 3 out of 5. [55] Upon his release from prison in 1993, Milken founded the Prostate Cancer Foundation for prostate cancer research, which by 2010 was "the largest philanthropic source of funds for research into prostate cancer". [56] Milken himself was diagnosed with advanced prostate cancer in the same month he was released. [57] His cancer is currently in remission. The Prostate Cancer Foundation works closely with Major League Baseball through its Home Run Challenge program to promote awareness of prostate cancer and raise money for medical research. Each season in the weeks leading up to Father's Day, Milken visits many ballparks and appears on TV and radio broadcasts during the games.

At Pimco, Gross controlled more bond money than anyone in the world, and he advised the Treasury on the role of subprime mortgage bonds during the 2008 financial crisis. In naming Gross the Fund Manager of the Decade for fixed income in 2010, Morningstar said: "No other fund manager made more money for people than Bill Gross." [15] He was known for his ability to identify and exploit inefficiencies in markets, and for adjusting his strategies as Pimco grew, from embracing new technologies, to derivatives and the internet. Ben Trosky, who created and ran Pimco's high-yield bond business from the 1990s through the early 2000s, told Barron's that Gross was, "a good trader, a good analyst, and a good salesman, able to distill complex ideas into something simple and accessible." [16] Ben Stein - A License to Steal: the Untold Story of Michael Milken and the Conspiracy to Bilk the Nation, Simon & Schuster, 1992 Darmiento, Laurence (October 26, 2020). "Investor Bill Gross accused of blaring 'Gilligan's Island' song on loop to torment neighbor". Los Angeles Times . Retrieved February 10, 2021. Sullivan, Ronald (July 29, 1992). "Fund Manager Convicted of Taking Milken Bribes". The New York Times. Archived from the original on November 9, 2017 . Retrieved February 11, 2017.

Bond King’ Heir Bill Gross Blasts Jeffrey Gundlach as ‘Bond King’ Heir

You may change or cancel your subscription or trial at any time online. Simply log into Settings & Account and select "Cancel" on the right-hand side. James B. Stewart (1992). Den of Thieves. p.133. ISBN 067179227X. The firm could issue a "highly confident" letter, a formal pledge from Drexel that ... Gittelsohn, J.: Bill Gross Retires After Storied Four-Decade Career in Bonds, Bloomberg (2019). https://www.bloomberg.com/news/articles/2019-02-04/bill-gross-retires-after-storied-four-decade-career-in-bonds Archived copy" (PDF). Archived (PDF) from the original on April 19, 2012 . Retrieved July 17, 2012. {{ cite web}}: CS1 maint: archived copy as title ( link)Stone, Marrie. " "Bond King" Bill Gross reflects on life, love & retirement". stunewslaguna.com . Retrieved June 18, 2020.