Hedge Funds Have The Edge

Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co (Pimco), has tweeted that hedge funds appear to be controlling the fate of Greece and beyond.

Quote:

"PIMCO PIMCO

Gross: Hedge funds appear to control the fate of #Greece – by extension Euroland – by extension…??"

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Greece Heading For Default

Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co (Pimco), has tweeted that Greece is heading for default.

Quote:

"Euroland downgrades make investrs aware countries can default 2! Centuries of histry prove the point & #Greece wl be most recnt exmple"

he also casts doubt on the integrity of Papandreou:

"#Greece on the rocks, ain’t no surprise. Pour #Papandreou a drink and he’ll tell you some lies."

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