Precidian Funds LLC is planning to offer U.S. investors blue-chip foreign stocks in a fund structure that could eliminate the risk of a falling foreign currency hurting the stock price.
"It’s the real economy that counts and global real economic growth is and should continue to be below par," Gross wrote in his June investment outlook letter.
Blass, an attorney at Ropes & Gray LLP, is an SEC alumnus who previously worked in the Investment Management division that she is being tapped to lead.