If Pimco did manage to score a $375 million profit by securing an allocation of $8 billion of the Verizon $49 billion bond that delivered roughly $2.5 billion of paper gains to investors after it was launched last September, then it was a rare bright spot in a tough year for Mark Kiesel, global head of corporate bonds at the fund management firm.
Jon Macaskill,
May 06, 2014