15
February
Largest bond fund cuts US government holdings
15 February 2011 The Financial Times
The world’s largest bond fund sharply cut its exposure to US government-related debt in January, before US bond yields rose this month to their highest level in almost a year.
Pimco’s Total Return Fund, run by Bill Gross, a founder of Pimco, reported that its holdings of US government-related securities fell from 22 per cent in December to 12 per cent in January.
http://www.ft.com/cms/s/0/c90b72d6-3877-11e0-959c-00144feabdc0.html
