Bill Gross Is Raising Cash While Waiting For Lower Asset Prices
Posted Monday, October 6th, 2008 at 9:22 am
On Friday, legendary bond investor Bill Gross appeared on CNBC. Reuters’ John Parry and Chris Sanders reported:
The manager of the world’s biggest bond fund said on Friday he is raising cash and waiting for asset prices to become more appealing.
Bill Gross, chief investment officer of Pacific Investment Management Co. or Pimco, said he was raising cash for a time when prices are attractive enough.
Source:
“Pimco’s Gross says he is raising cash and waiting: CNBC”
John Parry, Chris Sanders
Reuters, October 4, 2008
