FYI: Pacific Investment Management Co. decreased holdings of Treasuries and U.S. government-related debt in its flagship fund during October, the first month after co-founder Bill Gross left, to the lowest level in a year.
The $170.9 billion Total Return Fund managed by Gross until his Sept. 26 departure cut the proportion of government-related debt to 35 percent in October, the least since September 2013, from 38 percent in September and 41 percent the previous month, according to data posted yesterday on Newport Beach, California-based Pimco’s website. The category, the largest portion of the fund, includes holdings of U.S. Treasury notes, bonds, agency debt, interest-rate swaps and inflation-protected securities. Pimco doesn’t comment on monthly holding changes
Regards,
Ted
http://www.bloomberg.com/news/print/2014-11-12/pimco-cuts-government-related-debt-in-total-return-fund.html
