(Reuters) - Gross, the chief investment officer for Pacific Investment
Management Co., also said in his July investment outlook
newsletter posted at the firm's Web site that the recent Bear
Stearns Cos. hedge fund rescue was reminiscent of the
Long Term Capital Management episode nearly a decade ago.
"Shame on you Mr. Stearns, or whoever you were, for scaring
us investors like that and moving the Blackstone IPO to the
second page of the WSJ," writes Gross, referring to the Wall
Street Journal. "We should have had a week of revelry and
celebration of levered risk-taking."
Read more at Reuters.com Bonds News
Management Co., also said in his July investment outlook
newsletter posted at the firm's Web site that the recent Bear
Stearns Cos. hedge fund rescue was reminiscent of the
Long Term Capital Management episode nearly a decade ago.
"Shame on you Mr. Stearns, or whoever you were, for scaring
us investors like that and moving the Blackstone IPO to the
second page of the WSJ," writes Gross, referring to the Wall
Street Journal. "We should have had a week of revelry and
celebration of levered risk-taking."
Read more at Reuters.com Bonds News
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