Reuters: PIMCO's Gross shifts to defensive investment model
Reuters PIMCO's Gross shifts to defensive investment model By Manuela Badawy NEW YORK | Tue Feb 28, 2012 2:56pm EST (Reuters) - It's time for defense, says Bill Gross, manager of the world's largest bond fund. Gross, manager of PIMCO's $250 billion Total Return bond fund (PTTRX.O), used American football as a metaphor for his investment model in his March newsletter. He wrote that he has turned defensive as he watches out for potential downside risks and warns about the government's increased demand on available capital in the economy.