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"Eat(ing) his own cooking," Bill Gross puts his own money into two Pimco closed-end offerings...
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Monday, October 15, 2012, 3:04 PM ET"Eat(ing) his own cooking," Bill Gross puts his own money into two Pimco closed-end offerings trading at premiums to their NAV. PCN and PTY sell at "just" 17%. and 18.5% premiums, respectively, but Gross notably did not pick up any PHK or PGP, both trading at more than 50% over NAV even after the recent sell-off.
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