The Traderszone Network

Published in TZ Latest News 6 October, 2014 by The TZ Newswire Staff

Pimco’s outflow headaches only just beginning

Outflows from Pimco may be far from over as many investors have yet to decide whether to stick with the Newport Beach, California-based asset manager. Pimco hasn’t said how much money has been withdrawn since fund manager Bill Gross quit on Sept. 26 to join Janus Capital. Pimco said its Total Return fund, which Gross had personally managed for 27 years, saw $23.5 billion in withdrawals in September.

read more