Bill Gross Reminds Investors In His Underperforming Fund That He Gets Paid No Matter What

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Yes, he knows he messed up: "Do I wish I had more Treasuries? Yeah, that’s pretty obvious." And ranking 501st out of 589 bond funds this year because he overestimated the effects of QE2 affects him deeply and personally. But not financially:

“When you’re underperforming the index, you go home at night and cry in your beer,” he said, adding: “It’s not fun, but who said this business should be fun. We’re too well paid to hang our heads and say boo hoo.”

Pimco's Gross rues US debt 'mistake' [FT]

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