Pimco amassed billions of exposure to Russia debt facing default
The majority of Pimco's swaps sit in its $140 billion Income fund, run by Chief Investment Officer Dan Ivascyn, alongside Alfred Murata and Joshua Anderson.
Pacific Investment Management Co. built up billions of exposure to Russian debt, opening up its funds to losses as markets price in a default by the sovereign.
The Newport Beach, California-based asset manager had at least $1.5 billion of sovereign debt, according to the latest fund filings compi
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