Post-Gross, investors continue to pull out of Pimco

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.