MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, August 30, 2011 Bill Gross Confesses to Losing Sleep Over Missteps Pimco [see profile] co-founder and co-CIO Bill Gross confessed to the Wall Street Journal that he has lost sleep over his investing missteps. Gross in February got rid of all of Pimco Total Return's Treasury holdings and in March he made use of derivatives to bet against government-related bonds. Those moves were a "mistake," Gross told the WSJ. Since Gross made those moves, the U.S. Treasury market has rallied. Printed from: MFWire.com/story.asp?s=37686 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |