Investors Not Happy With PIMCO's Bill Gross After 12 Months of Outflows
PIMCO has had 12 straight months of outflows with investors withdrawing another $3.1 billion from the world's largest bond fund, and founder Bill Gross is in the hot seat.
PIMCO has had 12 straight months of outflows with investors withdrawing another $3.1 billion from the world's largest bond fund. Founder Bill Gross, known as the "Bond King," is in the hot seat as investors have formally put the company on "watch lists." The fund has now seen a total of $55.26 billion in net outflows since last May. The Pimco Total Return Fund also continued its string of lackluster returns in April of 0.74 percent, trailing 68 percent of its peers.
