Home market Pimco stands to lose billions if #Russia defaults on its debt. Fund manager exposed to derivatives b

Pimco stands to lose billions if #Russia defaults on its debt. Fund manager exposed to derivatives b

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Pimco stands to lose billions if #Russia defaults on its debt. Fund manager exposed to derivatives b

Pimco stands to lose billions if #Russia defaults on its debt. Fund manager exposed to derivatives bet of at least $1.1bn and holds $1.5bn of sovereign bonds. At least 5 Pimco funds sold CDS to investors, acc to FT analysis. h/t Holger Zschaepitz

Pimco stands to lose billions if #Russia defaults on its debt. Fund manager exposed to derivatives b

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