Pimco Sees Light At End Of Bill Gross-Shaped Tunnel

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The firm, which manages $2 trillion in assets, said on Thursday that its Pimco Enhanced Short Maturity exchange-traded fund had taken in $71 million in new investor money since the firm’s co-founder, Bill Gross, resigned abruptly last week. The fund, traded under the ticker symbol “MINT,” is managed by Jerome Schneider and has $3.7 billion in assets under management, according to the firm. Pimco trumpeted the intake of new investor money into the fund a day after it reported that investors had pulled a record $23.5 billion from its flagship Pimco Total Return Fund in September, with much of that coming on the day Mr. Gross announced he had left Pimco to take a job as a portfolio manager with Janus Capital. [Dealbook]

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