23/04/2020at 16:23

Pimco steps up distressed bet with another USD 3 billion fund

Pacific Investment Management Co. wants to capitalize on dislocations in the fixed-income market.

BY MELISSA KARSH AND MICHAEL MCDONALD / BLOOMBERG

Pacific Investment Management Co. is seeking to raise another EUR 2.8 billion (USD 3 billion) for a distressed credit fund as the rush to capitalize on dislocations in the fixed-income market grows.

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Pimco steps up distressed bet with another USD 3 billion fund

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Storebrand and Handelsbanken lose SEK 22bn pension mandates

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