Financial News Feeds
Pimco targets $5bn of distressed mortgage securities
Duncan Kerr
27 Aug 2008
27 Aug 2008
 |
Friday
21 November 2008
01:07 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.
To read this article Register or Login
Restrictions on trials
If you have had a trial before or your company already has a corporate licence you may not be allowed to take a trial. If you are blocked from registering for a trial please contact our customer service team for assistance.
Do you want to purchase access to Financial News?
To discuss the options available please call us on +44 (0) 20 7309 7788 or email licensing@efinancialnews.com
| • | 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 |