Pimco's Gross eliminates government debt from Total Return Fund

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US - Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., eliminated government-related debt from his flagship fund.

Pimco's $237bn Total Return Fund last held zero government-related debt in January 2009. Gross had cut the holdings to 12% of assets in January, according to the Newport Beach, California-based com...

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