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Post-Gross, investors continue to pull out of Pimco
Published Wed, Feb 4, 2015 · 09:50 PM
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 Return Fund is a notable reduction from December's net outflows of US$19.4 billion, monthly outflows have remained elevated since Mr Gross' exit on Sept 26.
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