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Wednesday, September 10, 2008|
While Others Reel, This Fund Wins Big from the Fannie-Freddie Drama
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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