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, May 17, 2011 Gross Shorts 'U.S. Government-Related Debt' But Not Treasuries Bill Gross' says he isn't shorting Treasuries, but he is shorting U.S. government-related debt as a whole. The Pimco [see profile] co-chief investment officer and Total Return Fund manager reportedly tried to counter the Treasury-shorting discussion, telling CNBC that he was "never short Treasuries," just "underweight Treasuries." Yet Reuters reports that Total Return did start shorting U.S. government-related debt as a whole (i.e. agency debt, FDIC-guaranteed corporate securities, interest rate swaps, TIPS and Treasury futures and options, as well as Treasuries) in April, then bumped that short bet from three percent to four percent of Total Return's assets this month. Printed from: MFWire.com/story.asp?s=36821 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |