Clients continue to leave Pimco and, in particular, Mr. Gross's fund. His Total Return fund, the world's largest bond fund, saw $4.5 billion of net investor outflows in June—its 14th consecutive month of defections—despite outpacing two-thirds of it rivals in the second quarter, according to fund-research firm Morningstar Inc. Over that period, investors pulled $64 billion from the now-$225 billion fund, an amount that dwarfs the total size of most mutual funds. The withdrawals came as investors, industrywide, added money to bond funds. Pimco has suffered net outflows across all its mutual funds for the past 13 months. [...] "My attitude is, 'We'll show ya,' " Mr. Gross said during the interview at Pimco's headquarters, while wearing an unknotted blue tie he says was a present from Mr. El-Erian. "I'm not leaving until we show everybody that this new structure is better than the old structure." "Don't count me out," he added. [WSJ, earlier]
Bill Gross Confident He'll Win Lawsuit Against Ex-Employer For Firing Him Even Though Handwritten Resignation Note, Departure In The Middle Of The Night Maybe Undermines That Thesis
Don't worry about all that; you leave it to Bill.
Bill Gross Writes New Page In The Annals Of Investing History
August 24, 2015: A day that will live in infamy.