Financial News Feeds
Pimco targets $5bn of distressed mortgage securities
Duncan Kerr
27 Aug 2008
27 Aug 2008
 |
Friday
05 December 2008
10:54 GMT
Pimco, the giant US bond fund manager, is to substantially increase its investment exposure to the stricken mortgage-backed securities market, targeting an opportunity to buy and manage up to $5bn (€3.4bn) worth of these bonds at deeply discounted prices.
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| • | Pimco makes a cautious entry to distressed debt market 19 May 2008 |
| • | Pimco's Gross gives big vote of confidence to mortgages 11 Apr 2008 |
| • | Pimco raises fund to buy more risky debt 28 Nov 2007 |