Pimco’s Gross Likes Brazil, South Korea Over US

05-Oct-2010

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An eternal optimist, Liu-Yue built two social enterprises to help make the world a better place. Liu-Yue co-founded Oxstones Investment Club a searchable content platform and business tools for knowledge sharing and financial education. Oxstones.com also provides investors with direct access to U.S. commercial real estate opportunities and other alternative investments. In addition, Liu-Yue also co-founded Cute Brands a cause-oriented character brand management and brand licensing company that creates social awareness on global issues and societal challenges through character creations. Prior to his entrepreneurial endeavors, Liu-Yue worked as an Executive Associate at M&T Bank in the Structured Real Estate Finance Group where he worked with senior management on multiple bank-wide risk management projects. He also had a dual role as a commercial banker advising UHNWIs and family offices on investments, credit, and banking needs while focused on residential CRE, infrastructure development, and affordable housing projects. Prior to M&T, he held a number of positions in Latin American equities and bonds investment groups at SBC Warburg Dillon Read (Swiss Bank), OFFITBANK (the wealth management division of Wachovia Bank), and in small cap equities at Steinberg Priest Capital Management (family office). Liu-Yue has an MBA specializing in investment management and strategy from Georgetown University and a Bachelor of Science in Finance and Marketing from Stern School of Business at NYU. He also completed graduate studies in international management at the University of Oxford, Trinity College.







Bill Gross, manager of the world’s biggest bond fund, said developing economies such as Brazil and South Korea offer attractive investment opportunities as growth in developed markets including the U.S. has slowed.

Brazil offers real interest rates of 8 percent to 9 percent, Gross, 66, said an interview today on Bloomberg Television’s “Surveillance Midday” with Tom Keene. The Korean won is representative of “strong emerging-market currencies to stand in contrast to the U.S. dollar,” Gross said.

Gross and Mohamed El-Erian, co-chief investment officers of Pacific Investment Management Co., coined the phrase “new normal” in 2009 to describe the decreasing role of the U.S. in the global economy. They forecast developed-market growth that is below historical averages in the next three to five years as economies struggle with mounting budget deficits and increased regulation after the 2008 collapse of credit markets.

Gross, founder of the Newport Beach, California-based Pimco, runs the $252 billion Pimco Total Return Fund. The fund has advanced an average of 8.4 percent in the past five years, beating 98 percent of similarly managed funds, according to data compiled by Bloomberg.
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