A rare stamp collection makes for an unusual alternative investment. Unlike most other tangible stores of value, old stamps will most likely be useless in a post-apocalyptic world. So philatelists must generally be confident in their convictions that civilization won't be beset by an unforeseen blightin the near-term.
That's exactly the type of confidence you want to see in a long-term investment manager. Bill Gross currently owns the Holy Grail of stamp collections, and he is a realist. He has both attended business school at UCLA and augmented his risk management skills at the blackjack tables in Las Vegas.
With his current employer, the Allianz- owned (NYSE: AZ) fund group PIMCO, Gross has built a reputation that can move markets. Today, he manages the company's Total Return Fund , the world's largest bond portfolio:
Expense Ratio
0.46%
Fund Size
$185.7 billion
1-Year Return
18.4%
5-Year Annualized Return
6.8%
10-Year Annualized Return
7.6%
Source: Morningstar. Figures reflect institutional class of shares.
Top Five Holdings As of Oct. 23, 2009
Net Position as % of Net Assets
Government-Related
48%
Mortgage
22%
Investment Grade Credit
17%
International Bonds
6% Continued...