Pimco Total Return Outflows Slow as Performance Rebounds
Light at the End of the Tunnel for Pimco?
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Redemptions at Pacific Investment Management Co.’s biggest mutual fund slowed to the lowest since Bill Gross left the firm, as performance rebounded.
Clients pulled $8.6 billion in February, down from $11.6 billion in the prior month, bringing assets in the Pimco Total Return Fund to $124.7 billion, according to data from the Newport Beach, California-based firm. Since Gross left in September, a combined $100 billion was pulled from the fund.