PIMCO’s flagship Total Return Fund is bleeding assets at an accelerating pace. Investors withdrew $19.4 billion from the (former?) world’s biggest bond fund bringing total assets to $143.4B.
The fund founded by Bill Gross has been more than halved from $293B in April 2013.
In the fall, Gross shocked the world when he quit the firm he founded.
All those redemptions may be creating some decent-sized flows in the bond market, which has been thinned by the Fed buying up a huge portion of outstanding supply.
Better tie up that tie
