PIMCO’s Gross admits he struck out on bonds…

Posted on Oct 16, 2011 in RE Finance

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Château d’Amboise (Indre-et-Loire)
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Château d’Amboise

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Château de Fléville (France – Lorraine – 54)
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Château et vue sur le parc.

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Dudley Castle Sunset
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Castle Howard
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Castle Howard

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Castle close to Salamanca, illness Spain

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by Stefano A

Bill Gross, sale manager of the world’s largest bond fund, online apologized to his investors late Friday for his poor efficiency, approved saying “I’m just getting a poor year.” In a Specific Edition letter posted on PIMCO’s website, Gross, who runs the $ 242 billion PIMCO Total Return portfolio, wrote that he underestimated the contagion effect from the Europe debt … (a lot more)

Mortgage News
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