Gross Calls Bet Against Bund Well-Timed, Poorly Executed
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Bill Gross acknowledges doing a poor job of implementing his recommendation to bet against German government bonds.
“My famous (infamous?) ‘short of a lifetime’ trade on the German bund market was well-timed but not necessarily well-executed,” Gross wrote in his June investment outlook for Janus Capital Group Inc. “Still, it was a prime example of opportunities hatched by the excess of global monetary policy.”