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Pimco steps up distressed bet with another US$3b fund

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Pacific Investment Management Co is seeking to raise another US$3 billion for a distressed credit fund as the rush to capitalise on dislocations in the fixed-income market grows.

[NEW YORK] Pacific Investment Management Co is seeking to raise another US$3 billion for a distressed credit fund as the rush to capitalise on dislocations in the fixed-income market grows.

Pimco's latest money pool - Distressed Credit Opportunities Fund III - will invest in public market...

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