PIMCO Selling SWAP Insurance in Chinese Markets – ValueWalk Premium
Pimco Bill Gross Janus Capital

PIMCO Selling SWAP Insurance in Chinese Markets

2014 has been the year in which the derivatives strategy of the cat loving, sun-glass touting Bill Gross has been revealed to new degrees. And the hits just keep on coming as the PIMCO’s total return fund’s exposure to Chinese SWAP derivatives, cousins of the derivatives that imploded in 2008, is revealed.

At the end of the first quarter, PIMCO’s flagship Total Return Fund, assumed as a relatively “conservative” bond fund in search of yield, has nearly $3 billion in insurance derivatives it sold on . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email support@valuewalk.com or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

Here’s a Tip: Read What Professional Investors Read

ValueWalk Premium is for investors looking to improve their investment process AND keep up-to-date on the latest industry trends.

It’s THE resource for value investing and hedge funds. 📈

And with a free three-day trial and $29.99 per month thereafter, it’s a value in its own right.

Sign up now. 👇

CLICK HERE TO TRY IT OUT

 

0