Pimco, the big bond fund house founded by Bill Gross, is wooing investors with a new fund that aims to provide returns in any market environment with a broad range of fixed-income strategies.

With many investors suffering losses from the wild volatility in risky assets in August, the key selling point for the Pimco Credit Absolute Return Fund, launched yesterday, is that it has a "go-anywhere" investment style and can employ some strategies typically used by hedge funds to juice returns.