Gross Raises Treasuries in Flagship Fund First Time Since April

Bill Gross, who runs the world’s biggest bond fund, increased his holdings of Treasuries for the first time since April as traders increased bets that the Federal Reserve would add to stimulus measures.

Gross raised the proportion of U.S. government and Treasury debt at Pacific Investment Management Co.’s $281 billion Total Return Fund to 24 percent of assets last month, from 20 percent in September, according to a report on the Newport Beach, California-based company’s website. Mortgages remained the fund’s largest holding at 47 percent, down from 49 percent a month earlier. Pimco doesn’t comment directly on monthly changes in its portfolio holdings.