• 02 Apr 2014 at 11:30 AM

Pimco Doesn’t Need Your Pity

Investors pulled another $3.1 billion from Pimco’s flagship fund in March, the 11th straight month of outflows from the world’s largest bond fund, and its performance on the month lagged 95 percent of its peers due to a spate of wrong calls by long-time manager Bill Gross…Pimco spokesman Mark Porterfield said: “It’s important to compare a fund’s performance with its benchmark and not just with other mutual funds, which could hold riskier and higher-yielding assets. Total Return has outperformed its index for the past six months, two, five and 10 years.” [Reuters]

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Comments (3)

  1. Posted by Shaz's beard | April 2, 2014 at 12:45 PM

    The total return fund has underperfromed the Agg the past 1m, 3m and 1y. The magic is in the 'stache Grossy!!!!

  2. Posted by yup | April 2, 2014 at 3:21 PM

    Properly
    Incentivize
    Mustasche
    Command
    Operation

  3. Posted by Big Baby Jesus | April 5, 2014 at 4:14 AM

    Pharrell called and wants his hat back…