You are here

Post-Gross, investors continue to pull out of Pimco

Investors in January yanked US$11.6 billion from Bill Gross' flagship fund. While a notable reduction from December's net outflow of US$19.4 billion, monthly outflows have remain elevated since Mr Gross' exit on Sept 26.

New York

THE abrupt departure of Bill Gross continues to haunt Pimco as the giant bond management firm on Tuesday disclosed that investors in January yanked US$11.6 billion from the flagship fund that Mr Gross previously oversaw.

While the cash withdrawal from the Pimco Total