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Rating:While Others Reel, This Fund Wins Big from the Fannie-Freddie Drama Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, September 10, 2008

While Others Reel, This Fund Wins Big from the Fannie-Freddie Drama

by: Armie Margaret Lee

Much of the fund news stemming from the government's takeover of Fannie Mae and Freddie Mac has been about which funds had placed the wrong bets. In Wednesday's Wall Street Journal Fund Track, Daisy Maxey took a look at the other side. Winning big was Pimco's Total Return Fund, which angled its holdings of the two firms' mortgage-backed debt to profit from a bailout. 

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