Friday, December 28, 2012

Pimco ♥ New York

From Bloomberg: Pimco’s Bill Gross more than doubled his holdings of municipal debt sold in New York, helping propel the world’s largest bond fund to its biggest investment in local securities in six years. The $285 billion Total Return Fund, which Gross runs at Pacific Investment Management Co., boosted its New York state allocation to about $3 billion in the quarter ending Sept. 30, from $1.4 billion as of June 30, according to a regulatory filing....

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