News

Bill Gross Could Use A Hand Here

Quick! You barricade the door and he’ll hold down the investors that apparently can’t flee Pimco fast enough.

Investors pulled cash from the Pimco Total Return Fund for a 16th straight month in August despite some improvement in performance for the world’s largest bond fund. The fund, run by Bill Gross, had net outflows of $3.9 billion in August, which brings the Total Return Fund’s net cash withdrawals to almost $70 billion since May 2013, Morningstar said on Wednesday. It had $221.6 billion in assets at the end of last month, down from a peak of $292.9 billion in April 2013. The continuation of the fund’s record outflow streak came as it posted a positive 1.11 percent return in August, surpassing 77 percent of its peers, according to Morningstar. That said, the fund is up 4.31 percent for the year as of Friday and trails 73 percent of its peers.

Pimco Total Return Fund suffers 16th month of outflows [Reuters]

4 comments
(hidden for your protection)
Show all comments

4 Responses to “Bill Gross Could Use A Hand Here”

  1. guest says:

    [maniacal laughter]

    – mo el-e

  2. Dudley DooWrong says:

    Blast that El Erian!

  3. Guest says:

    Maybe he needs to put out another, super duper newsletter to draw them in.

  4. Guest says:

    I'm sure it's the 6 member committee's fault and not his.

Our Sites

  • Above the Law
  • How Appealing
  • ATL Redline
  • Breaking Defense
  • Breaking Energy
  • Breaking Gov
  • Dealbreaker
  • Fashonista
  •