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Bill Gross Jumps On Argentina Bandwagon

  • Country’s notes are among top 10 holdings in Gross’s fund
  • Argentina is the only sovereign debt investment on the list
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Bill Gross Bets Big on Argentina's Surging Bonds

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Bill Gross has become the latest investor to bet big on Argentina after the nation ended its decade-long debt dispute with hedge-fund manager Paul Singer.

Argentina’s bonds emerged as one of the top 10 holdings in Gross’s $1.44 billion Janus Global Unconstrained Bond Fund in May. No other country’s government debt made the cut, not even his long-time emerging-market favorites, Mexico and Brazil. The investment comes at a time when Argentine debt is posting the second-biggest returns in emerging markets over the past year.