"Eat(ing) his own cooking," Bill Gross puts his own money into two Pimco closed-end offerings...

|By:, SA News Editor

"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.