• English   Deutsch   
  •  GMT      
  • LONDON      
  • FRANKFURT      
  • NEW YORK      
  • SAO PAULO      
  • TOKYO      
  • SYDNEY      
Hedge Fund Database
Morgan Hedge Fund Database
USERNAME

PASSWORD

FEATURED SERVICE PROVIDER

  Hedge Fund Search
Name, ISIN, Ticker:
  

Hedge Funds Search Detailed Search
  Hedge Fund Directories
Listed Hedge Funds:9,895
HF Professionals:16,361
Service Provider:506
Pimco boosts cash
 
  Hedgeweb - FRI, DEC 18 2009
Funds & Investment Pacific Investment Management Co. (Pimco), the world??s biggest bond fund, cut government debt holdings and boosted cash to the most since Lehman Brothers Holdings Inc. collapsed in 2008.

Bill Gross, who manages the $199.4bn Total Return Fund at Pimco, increased cash to 7 percent in November from negative 7 percent in October, according to Pimco??s Web site. The fund can have a so-called negative position by using derivatives, futures or by shorting. He reduced government-related securities to 51 percent from a five-year high of 63 percent in October.

Gross also cut holdings of mortgage securities to 12 percent, the lowest since Pimco??s figures started in 2000, from 16 percent, according to the Web site.

The Total Return Fund gained almost 17 percent in the past year.

 
 
© Morgan Hedge™ · HEDGEweb™
Morgan Hedge and HEDGEweb are Trademarks of morganhedge.com, TAA LLC and VIImedia S.A.