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Pimco's 'ill-timed' wager on EMs

Many hedge funds betting against its emerging market investments after its securities tumble with falling oil prices, strong dollar.

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RISK MANAGEMENT: Pimco says it provides detailed disclosure on Total Return's sector allocations on a monthly and quarterly basis to keep clients informed.

EARLIER this autumn, William Gross, in one of his last moves as portfolio manager of Pimco's US$200 billion flagship Total Return fund, made a quick change to his investor prospectus. He was bullish on the bonds of emerging markets in Mexico and Brazil but, having bought so many of them, was

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