Pimco's Gross says would manage bailout fund for free-CNBC

NEW YORK, Sept 24 (Reuters) - Bill Gross, who manages the world's biggest bond fund, said on Wednesday that he would be prepared to manage part of the U.S. government's $700 billion bailout fund for no fee.

Gross, who was speaking on CNBC television, is chief investment officer of Pacific Investment Management Co. or Pimco. He manages the $133 billion Pimco Total Return Fund PTTRX and helps oversee the more than $812 billion in assets at Pimco.

(Reporting by Chris Sanders and John Parry; Editing by Chizu Nomiyama)