Pimco Steps Up Distressed Bet With Another $3 Billion Fund
An employee uses a machine to count U.S. 100 dollar banknotes in Hong Kong, China. (Photographer: Paul Yeung/Bloomberg)

Pimco Steps Up Distressed Bet With Another $3 Billion Fund

(Bloomberg) -- Pacific Investment Management Co. is seeking to raise another $3 billion for a distressed credit fund as the rush to capitalize on dislocations in the fixed-income market grows.
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