Bloomberg Business

The Man Behind Pimco’s Great Debt Bet Closes In on His Next Big Trade

Daniel Ivascyn rode one big trade all the way to the top of the bond-market universe: speculative mortgage debt that he scooped up on the cheap in the wake of the great financial crisis. It made a fortune and, in turn, made everyone forget about the messy departure of his predecessor atop Pacific Investment Management Co., Bill Gross.

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