Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Is LA 'the Bond Capital of the United States?' Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 21, 2010

Is LA 'the Bond Capital of the United States?'

News summary by MFWire's editors

Southern California bond fund managers gained some love this morning from the Los Angeles Business Journal. Richard Clough highlights a number of fixed income managers in the area (noting that Pimco is far from being the only game in town). Beach Point Capital, Capital Group, Dimensional Fund Advisors (now based in Austin, but retaining significant SoCal operations), DoubleLine Capital, Oaktree, Post Advisory Group, TCW and Western Asset Management all gain some ink.

"It's been a stampede," Marilyn Cohen, author of the The Bond Bible and founder of Envision Capital Management. "We have never seen the continuation of such a flow into bonds."

So why are there so many fixed income managers in the Southland? Howard marks, chairman of Oaktree, points to Michael Milken's move in 1978 to shift Drexel Burnham Lambert's high-yield operations to LA.

"Mike Milken attracted some people here and some of the people who came out of Drexel went into that business," Marks told the paper, admitting that he's not sure that's the whole story. "Maybe it's chance. I don't know." 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use