Pimco Love Affair Repels Pensions as Allure Fades

Pimco Love Affair Repels Pensions as Allure Fades

Scott Eells/Bloomberg

Pacific Investment Management Co., the world’s largest manager of bond funds, said Oct. 3 that Mexican local debt was one if its favorites, three months after Bill Gross, co-chief investment officer, said he preferred them over German bunds.