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Non-Tech : Pimco Advisors (PA)
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To: bob jaremsek who wrote (24)11/8/1997 10:54:00 PM
From: RagTimeBand  Read Replies (1) of 37
 
2 page article in Nov. 17 issue of Forbes, page 190

"Better buy some bonds - With the sock market going haywire, folks are more willing to listen to Bill Gross' gospel: Bonds are a better buy than stocks."

From the body of the story:
"An alternative way to make a bet on Bill Gross' bond trading acumen is to buy stock in Pimco Advisors L.P., which trades on the New York Stock Exchange. The recent tax bill extended the favorable tax status that shields such master limited partnerships from corporate taxes.

To date, Pimco has had limited success with equity portfolios, with only $22 billion under management so far. The company intends to expand that effort with a pending $262 million acquisition of a controlling stake in the $60 billion Oppenheimer Capital investment management company."

Regards - Emory
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