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Gross admits Pimco fired him

Bill Gross Interview Pic

Bill Gross said he was fired from Pacific Investment Management Co., the first time he’s publicly confirmed that he was dismissed from the firm he co-founded in 1971.

Top hedge fund has a big year

Hedge Fund

In a year where many hedge funds posted unimpressive returns, Citadel, the Chicago money-management giant known for its swift movement and out-of-stock positions, generated more than 23 percent returns in its equity hedge fund and almost 18 percent in its multi-strategy flagship funds, Kensington and Wellington, according to someone who reviewed the numbers.



Asda Fancy Dress

Asda to cut up to 750 jobs

Asda has confirmed plans to cut up to 500 jobs in stores and 250 at its head office in Leeds as the retailer battles to protect profits while sales slide.