NEW YORK: Bill Gross pioneered the “total return” strategy in the 1980s that revolutionised the once-sleepy bond market.
Now the co-founder of Pacific Investment Management Co, who was ousted in 2014, said many of the funds bearing the name are failing to live up to their mission after suffering heavy losses this year.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
