Pimco Made $2 Billion Bet on Colombia Ahead of First Round Vote

Funds managed by Pacific Investment Management Co. made a $2 billion bet on Colombia’s local government debt last month, ahead of the first round of a presidential election that is...

By Oscar Medina, Nicolle Yapur · Bloomberg Markets

Funds managed by Pacific Investment Management Co. made a $2 billion bet on Colombia’s local government debt last month, ahead of the first round of a presidential election that is likely to reshape the nation’s economic model.