Stung by poor performance and investment outflows in 2011 due to bets against long-term...


Stung by poor performance and investment outflows in 2011 due to bets against long-term Treasuries Bill Gross' Total Return Fund is off to an impressive start in 2012. Gross has decided not to fight easy Fed policy, increasing his exposure to longer-dated U.S. paper. "His Treasury position is properly placed," says a Lipper analyst. That remains to be seen.

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