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Thursday, June 09, 2011|
Regrets? Not From Bill Gross
In fact, the Pimco [see profile] chief investment officer has reportedly seen his flagship Total Return Fund gain 2.52 percent since February, according to data compiled by Bloomberg, and beating just 55 percent of its peers in the past month.
“I certainly don’t have any regrets.” Gross told the pub. “We’re beating the market by 50 basis points. We’re not completely satisfied but it’s not the negative headline that one sees.”
At least one PM agrees with Gross' investment philosophy. Thomas Atteberry, PM of the $3.7 billion in fixed-income assets at First Pacific Advisors [see profile] in Los Angeles, told the pub that he, too, shares Gross’s view towards Treasuries and their values. “It would have been speculative to have invested in Treasuries because even at 50 or 60 basis points ago, they still didn’t offer value,” he said.
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