Paulson Scores on Credit

Chidem Kurdas

Paulson and Co.’s flagship credit opportunities fund

Rwanda as Bellwether

Chidem Kurdas
Two weeks ago investors placed $3 billion

Question for Bill Gross

Chidem Kurdas

If PIMCO Total Return Fund, in which I’m an investor, were a hedge fund, I would call the manager to ask about a topic that’s on my mind. But Total Return is a mutual fund and as a little denizen of the mutual fund world, I don’t think I’ll get Bill Gross on the phone. Hedge funds cater to clients in a way mutual funds don’t. Of course, hedge fund clients are large investors and there are relatively few of them.

Anyway, my question arose from looking at the most recent data on debt and realizing how drastically Mr. Gross has cut Total Return Fund’s holdings of US government paper, which accounted for nearly one-fourth of the fund only a few months ago.  

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