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Monday, July 21, 2003 Pimco Readies Six Funds Pimco is readying a half-dozen funds for a September launch. The new funds will diversify the Newport Beach, California manager's product line internationally. The manager disclosed the funds in a SEC filing. Famed bond manager and Pimco Chief Investment Officer William Gross is the named manager for all six of the funds. Also named is Jeff Ludwig, senior vice president. Ludwig had a background in trading equity derivatives at Credit Suisse First Boston and Delphi Structured Finance Corporation before he joined Pimco. He will be putting his equity derivative trading skills to work with the new funds. Each of the six funds will invest in equity derivatives backed by a portfolio of fixed income investments. Gross will presumably be responsible for the bond portion of the funds. Four of the new funds will be linked to international stock markets. Each will be offered with both institutional and administrative share classes. The new funds (and their indices) include: Printed from: MFWire.com/story.asp?s=5528 Copyright 2003, InvestmentWires, Inc. All Rights Reserved |