Pimco Leads Protecting Against Inflation: Riskless Return

A Shopper Carries Bags From A Target Corp. Store
A shopper carries bags from Target Corp. while riding the escalator at the Atlantic Terminal Mall in the Brooklyn borough of New York. Inflation has stayed tame through the sluggish U.S. economic recovery of the past five years. Photographer: Craig Warga/Bloomberg

April 23 (Bloomberg) -- Mihir Worah decided it was time to bet on rising consumer prices in Nov. after TIPS were on track for worst yr on record; now TIPS are rebounding and Worah’s $15.2b Pimco Real Return Fund is benefiting from type of timely call that produced best risk-adjusted result among inflation-protected funds over past 5 yrs, according to the BLOOMBERG RISKLESS RETURN RANKING.

* “The selloff had gone too far and the market was pricing in

a rate of inflation that was just too low”: Worah, named 1

of 6 deputy CIOs at Pimco in Jan. * Fund combined second-highest total return and below-average

volatility in a group of 37 peers with at least $100m * Story Link:NSN N4GCY66JIJV8<GO>

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To contact the reporter on this story: Julie Alnwick in New York at +1-212-617-8960 or jalnwick@bloomberg.net To contact the editors responsible for this story: Madeleine Lim at +1-212-617-2296 or mlim131@bloomberg.net

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