Posts Tagged ‘Pimco Total Return Fund’

Absolute Return Bond MF Beats HFs

September 15, 2011

Chidem Kurdas

This July American Beacon launched its Flexible Bond Fund, joining the small but growing group of absolute return-targeting mutual funds. An investor could consider this vehicle as an alternative to fixed income hedge funds. It goes long/short and uses derivatives. The managers are Brandywine Global Investment Management, GAM International and PIMCO. (more…)

Question for Bill Gross

March 10, 2011

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.   (more…)