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William H. Gross
William Hunt "Bill" Gross (born April 13, 1944) is an American investor and retired fund manager, who co-founded Pacific Investment Management Co. PIMCO is a global fixed income investment company. Gross ran their $270 billion Total Return Fund (PTTRX), before leaving to join Janus Capital Group (now Janus Henderson) in September 2014. Gross retired from active fund management in 2019. Early life and education Gross was born in Middletown, Ohio, the son of Shirley ( Tait), a homemaker, and Sewell Mark Gross, a sales executive for AK Steel Holding. Part of his family is originally from Winnipeg, Canada. He was raised a Presbyterian. He moved with his parents to San Francisco in 1954. Gross graduated from Duke University in 1966 as an Angier B. Duke Scholar, and with a degree in psychology. At Duke, he joined Phi Kappa Psi.''Grand Catalogue of the Phi Kappa Psi Fraternity - Twelfth Edition'', p. 132: Bernard C. Harris Publishing Company, 1985. He then served in the Navy from 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Middletown, Ohio
Middletown is a city in Butler County, Ohio, Butler and Warren County, Ohio, Warren counties in the U.S. state of Ohio. The population was 50,987 at the 2020 United States census, 2020 census. It is part of the Cincinnati metropolitan area in southwest Ohio, northeast of Cincinnati and southwest of Dayton, Ohio, Dayton. Incorporated in 1833 and designated a city in 1886, Middletown was formed from parts of Lemon Township, Butler County, Ohio, Lemon, Turtlecreek Township, Warren County, Ohio, Turtlecreek, and Franklin Township, Warren County, Ohio, Franklin townships. It was home to AK Steel Holding Corporation, formerly known as Armco and founded in 1900, whose steel factory in Middletown still operates as part of Cleveland-Cliffs. The city also features Hook Field Municipal Airport, now serving only general aviation, and a regional campus of Miami University Middletown, Miami University. In 1957, Middletown was named an All-America City Award, All-America City. History Middlet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Phi Kappa Psi
Phi Kappa Psi (), commonly known as Phi Psi, is an American collegiate social fraternity that was founded at Jefferson College in Canonsburg, Pennsylvania in 1852. The fraternity has over ninety chapters at accredited four-year colleges and universities throughout the United States. More than 179,000 men have been initiated into Phi Kappa Psi since its founding. Phi Kappa Psi and Phi Gamma Delta, both founded at the same college, form the Jefferson Duo. History In the winter of 1850, a typhoid fever epidemic hit Jefferson College in Canonsburg, Pennsylvania. Many students left school. Among those who remained were William Henry Letterman and Charles Page Thomas Moore. They chose to care for their classmates who were stricken with the contagious disease, and a strong bond was formed. The following school year, Letterman and Moore decided to found a fraternity based on "the great joy of serving others" that they experienced during the epidemic. Letterman and Moore founded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bond Duration
In finance, the duration of a financial asset that consists of fixed cash flows, such as a Bond (finance), bond, is the weighted average of the times until those fixed cash flows are received. When the price of an asset is considered as a function of Yield (finance), yield, duration also measures the price sensitivity to yield, the rate of change of price with respect to yield, or the percentage change in price for a parallel shift in yields. The dual use of the word "duration", as both the weighted average time until repayment and as the percentage change in price, often causes confusion. Strictly speaking, Macaulay duration is the name given to the weighted average time until cash flows are received and is measured in years. Modified duration is the name given to the price sensitivity. It is (-1) times the rate of change in the price of a bond as a function of the change in its yield. Both measures are termed "duration" and have the same (or close to the same) numerical value, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortune (magazine)
''Fortune'' (stylized in all caps) is an American global business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, a global business media company. The publication was founded by Henry Luce in 1929. The magazine competes with ''Forbes'' and '' Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists including ranking companies by revenue such as in the ''Fortune'' 500 that it has published annually since 1955, and in the ''Fortune'' Global 500. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by ''Time'' magazine co-founder Henry Luce in 1929, who declared it as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pacific Investment Management
Pacific Investment Management Company LLC (PIMCO) is an American investment management firm. While it has a specific focus on active fixed income management worldwide, it manages investments in many asset classes, including fixed income, equities and other financial assets across public and private markets. PIMCO is one of the largest investment managers, actively managing more than $2 trillion in assets for central banks, sovereign wealth funds, pension funds, corporations, foundations and endowments, as well as individual investors around the world. According to the Sovereign Wealth Fund Institute, PIMCO is the 6th-largest asset manager in the world by managed AUM. PIMCO's headquarters are in Newport Beach, California, near the Pacific Ocean. The firm has over 3,100 employees working in 22 offices throughout the Americas, Europe, and Asia. PIMCO and Allianz Global Investors manage around €2.5 trillion of third-party assets. PIMCO is also the world's largest active ETF manage ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bond (finance)
In finance, a bond is a type of Security (finance), security under which the issuer (debtor) owes the holder (creditor) a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the Maturity (finance), maturity date and interest (called the coupon (bond), coupon) over a specified amount of time.) The timing and the amount of cash flow provided varies, depending on the economic value that is emphasized upon, thus giving rise to different types of bonds. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and Share capital, stocks are both Security (finance), securities, but the major difference between the two is that (capital) stockholders h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Fund
A mutual fund is an investment fund that pools money from many investors to purchase Security (finance), securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK. Mutual funds are often classified by their principal investments: money market funds, bond fund, bond or fixed income funds, stock fund, stock or equity funds, or hybrid funds. Funds may also be categorized as index funds, which are passively managed funds that track the performance of an index, such as a stock market index or bond market index, or actively managed funds, which seek to outperform stock market indices but generally charge higher fees. The primary structures of mutual funds are open-end funds, closed-end funds, and unit investment trusts. Over long durations, passively managed funds consistently outperform actively m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pacific Mutual Life
Pacific Life Insurance Company is an American insurance company. History Pacific Mutual Life was founded in 1868 by former California Governor, Leland Stanford in Sacramento, California. Stanford also was the first policy holder of the company. After Stanford died and his university (Stanford University) was strapped for money, his wife used the money from the policy to pay for professors. Starting in 1885, Pacific Mutual Life began issuing accident insurance, which was an innovative move for a life insurance company at the time. In 1906, Pacific Mutual Life merged with Conservative Life, a Los Angeles–based life insurance company. Following the 1906 San Francisco earthquake, Pacific Mutual Life's board of directors moved the company to Los Angeles. Since 2005, the company is domiciled in the state of Nebraska. During the Great Depression, the company was hit with hard times and in 1936 in an effort to save both the policy holders and the company the insurance commissioner, S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chartered Financial Analyst
The Chartered Financial Analyst (CFA) program is a postgraduate professional certification offered internationally by the US-based CFA Institute (formerly the Association for Investment Management and Research, or AIMR) to investment and financial professionals. The program teaches a wide range of subjects relating to advanced investment analysis—including business analysis, statistics, probability theory, fixed income, derivatives, economics, financial analysis, corporate finance, alternative investments, portfolio management, ethics applicable to the finance industry—and provides a generalist knowledge of other areas of finance. A candidate who successfully completes the program and meets other professional requirements is awarded the "CFA charter" and becomes a "CFA charter-holder". As of December 2024, at least 200,000 people are charter-holders globally, growing 5.5% annually since 2012 (including the effects of the pandemic). Successful candidates take an average o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asperger Syndrome
Asperger syndrome (AS), also known as Asperger's syndrome or Asperger's, is a diagnostic label that has historically been used to describe a neurodevelopmental disorder characterized by significant difficulties in social interaction and nonverbal communication, along with restricted, repetitive patterns of behavior and interests. Asperger syndrome has been merged with other conditions into autism spectrum disorder (ASD) and is no longer a diagnosis in the WHO's ICD-11 or the APA's DSM-5-TR. It was considered milder than other diagnoses which were merged into ASD due to relatively unimpaired spoken language and intelligence. The syndrome was named in 1976 by English psychiatrist Lorna Wing after the Austrian pediatrician Hans Asperger, who, in 1944, described children in his care who struggled to form friendships, did not understand others' gestures or feelings, engaged in one-sided conversations about their favorite interests, and were clumsy. In 1990 (coming into e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Las Vegas Valley
The Las Vegas Valley is a major metropolitan area in the Southern Nevada, southern part of the U.S. state of Nevada, and the second largest in the Southwestern United States. The state's largest urban agglomeration, the Las Vegas Metropolitan Statistical Area is coextensive since 2003 with Clark County, Nevada. The Valley is largely defined by the Las Vegas Valley land formation, a Depression (geology), basin area surrounded by mountains to the north, south, east and west of the metropolitan area. The Valley is home to the three largest incorporated cities in Nevada: Las Vegas, Henderson, Nevada, Henderson and North Las Vegas, Nevada, North Las Vegas. Eleven unincorporated towns governed by the Clark County government are part of the Las Vegas Township and constitute the largest community in the state of Nevada. The names Las Vegas and Vegas are interchangeably used to indicate the Valley, Las Vegas Strip, the Strip, and the city, and as a brand by the Las Vegas Convention and V ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blackjack
Blackjack (formerly black jack or ''vingt-un'') is a casino banking game. It is the most widely played casino banking game in the world. It uses decks of 52 cards and descends from a global family of casino banking games known as " twenty-one". This family of card games also includes the European games '' vingt-et-un'' and pontoon, and the Russian game . The game is a comparing card game where players compete against the dealer, rather than each other. History Blackjack's immediate precursor was the English version of '' twenty-one'' called ''vingt-un'', a game of unknown provenance. The first written reference is found in a book by the Spanish author Miguel de Cervantes. Cervantes was a gambler, and the protagonists of his " Rinconete y Cortadillo", from ''Novelas Ejemplares'', are card cheats in Seville. They are proficient at cheating at ''veintiuno'' (Spanish for "twenty-one") and state that the object of the game is to reach 21 points without going over and that the ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
