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Monday, April 02, 2012|
Will Bill Gross "Jump Up and Down in Ecstasy"?
Bill Gross is performing well so far in 2012. The bond king's flagship Pimco Total Return Fund [profile] has returned 2.88 percent in three months through March, after betting aggressively on mortgage bonds, the Wall Street Journal reports.
The fund has beaten the Barclays Capital Aggregate Bond Index by 2.58 percent points, according to Morningstar.
"It is a quarter beyond expectations," said Mr. Gross, Pimco founder and co-chief investment officer. "If we could do it for three more quarters, I would jump up and down in ecstasy."
"I think his fund is in a good place now," said Jeff Tjornehoj, a senior research analyst at Lipper. "But I wouldn't say it has been a strong comeback."
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