Wednesday, November 5, 2014

Bill Gross leaves PIMCO; $$Billions leave, too

From Bloomberg.com:

Pacific Investment Management Co. (PIMCO) had record redemptions from its biggest mutual fund in the first full month after the surprise departure of former manager Bill Gross, with clients pulling $27.5 billion in October...

The redemptions followed $23.5 billion in withdrawals from the world’s biggest fund in September and brought assets to $170.9 billion, down 42 percent from a peak in April 2013...
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Link: http://www.bloomberg.com/news/2014-11-04/pimco-total-return-lost-27-5-billion-after-gross-s-exit.html

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