Oct
11
Bond Funds Have Been Borrowing to Boost Returns
ByThe objective: equity-like returns on fixed-income investments.
For more than two decade, Bill Gross did the seemingly impossible, according to Bill Gross.
“From the 1980s through the 2000s, Mr Gross achieved returns at or near double digits, which are typically only seen in the far riskier equities markets,” says Gross’s blockbuster complaint against Pimco.
The erstwhile Bond King is taking aim at his former Pimco colleagues, arguing that a “cabal” of executives conspired to oust him as they sought to pursue riskier investment strategies and grab a bigger slice of the asset manager’s bonus pool. They are accused of mounting a push into dicey investments, while Gross himself pursued his basic “bonds and burgers” approach…
Copyright © 1999 - 2025 Tony Seruga | All Rights Reserved
Affiliates |
Privacy |
Refunds |
Legal & Policies