Pimco launches a new fund with a "go-anywhere" investment style that will mimic the strategies...

|By:, SA News Editor

Pimco launches a new fund with a "go-anywhere" investment style that will mimic the strategies hedge funds use to boost returns. According to a manager, the Pimco Credit Absolute Return Fund can go short and buy CDS as it looks to fare better than well-known sister fund - Total Return Fund - which ranks 155th out of 179 in its category after misfiring on Treasurys.