US bond giants hit hard by corona crisis

Investors have pulled huge amounts of money out of two large asset managers, writes the Financial Times.

Photo: Lee Jae Won/Reuters/Ritzau Scanpix

The world's largest bond investor, Pimco, and another US bond specialist have been hit hard by the coronavirus, reports the Financial Times.

Both Pimco and New-Jersey based Lord Abbett have experienced that investors have pulled out vast sums of money to serve as ready cash, the paper states.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Nasdaq reports record year in Europe

In 2021, the number of new equity listings on the Nasdaq exchange in Copenhagen broke the old record set in 2007, and in Stockholm, the exchange recorded its highest-ever number of new listings. Nasdaq also had increasing trading volumes last year.

Further reading

Related articles

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch