MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, September 16, 2008 Pimco Fund Guaranteed $760 Million of AIG Debt The $132 billion Pimco Total Return Fund, run by Bill Gross, guaranteed $760 million of AIG debt as of end-June and that may be costly if AIG does not stay afloat, Bloomberg reports. The fund backed the bonds by pitching credit default swaps to investors that pay off if AIG defaults. Printed from: MFWire.com/story.asp?s=19328 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |