Update 10/02: PIMCO stated that they had lost $23.5B due to pull-outs from their largest fund, Total Return Fund. It’s the most outflow the industry has ever seen.
PIMCO may have made a gross blooper by pushing former fund manager, Bill Gross, out. Many state pensions have stated they will pull their money from the bond management agency. Additionally, several pension consultant firms have stated they put PIMCO funds on their ‘watch list’.
What do you think?
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