BlackRock Bails on Batista as Pimco Buys OGX Bonds

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July 16 (Bloomberg) -- Bloomberg's Dominic Cu discusses today's top story out of Latin America. He speaks on Bloomberg Television's "Market Makers."

Strategies have diverged.

Like rod has bailed -- bla ckrock has bailed on batista.

Pimco went all in through march.

The firm cap to buying bonds.

Pimco increased holdings to % 576 million.

Prices on bonds have fallen at the end of march t oo a record low.

His empire is crumbling.

His personal fortune has fallen by $30 billion.

Investors are bracing for what could be the biggest ever corporate default in latin america.

Credit suisse estimates $13

This text has been automatically generated. It may not be 100% accurate.

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