Pimco raises new loan fund as corporate turmoil intensifies, and more

Published by
Peter Kavinsky

Pacific Investment Management Co. creates a new loan fund, seeking to capitalize on falling debt prices and weak companies that need new financing as interest rates rise worldwide and the economy weakens.

Pimco is aiming to raise billions for its fourth Corporate Opportunity Fund, which was launched earlier this year, according to people familiar with the matter, who asked not to be named because the talks are private.

A fund manager in Newport Beach, California, has been betting aggressively on beaten stocks this year, raising Attention after he snapped up billions of dollars of leveraged debt…

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Peter Kavinsky is the Executive Editor at cablefreetv.org

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