Investing

Bill Gross Says He Made $10 Million Betting Against GameStop

Pimco co-founder said he’s still selling GameStop options
Gross is betting against certain parts of the bond market

WATCH: Bill Gross, co-founder of Pacific Investment Management Co. (Pimco), says he made about $10 million betting against GameStop. (Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Brandon Kochkodin and Pierre Paulden

March 16, 2021 at 6:46 PM UTC

Updated on

March 16, 2021 at 7:34 PM UTC

This article is for subscribers only.

It wasn’t just retail traders who cashed in big during the GameStop Corp. stock mania. A legendary billionaire investor made a minor killing shorting the shares.

Bill Gross, the erstwhile bond king and co-founder of Pacific Investment Management Co., said in an interview Tuesday on Bloomberg Television that he made about $10 million betting against the video game retailer’s shares.