Monday, 30 July 2007

Pimco's Gross, a Bear on Company Debt, Buys Shares of Pimco Corporate Fund

(Bloomberg) -- Bill Gross, manager of the world's
largest bond fund at Pacific Investment Management Co., invested
$1.5 million in a Pimco corporate debt fund after the shares fell
to the lowest since its inception five years ago.

Gross bought 4,900 shares in the Pimco Corporate Opportunity
Fund at $13.80, 50,000 shares at $13.85 and another 50,000 at
$13.90 on July 25, according to a filing with the Securities and
Exchange Commission.


Read more at Bloomberg Bonds News

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