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Back You are here: Home Funds Funds Update Bonds PIMCO suffered $200 Bn in Outflows after Bill Gross’s Departure

PIMCO suffered $200 Bn in Outflows after Bill Gross’s Departure

PIMCO’s assets under management (AUM) fell 16% in the 4th quarter of 2014 – from $1.47 tn at the end of September to $1.27 tn at the end of December.  Bill Gross left PIMCO on 2014-09-26.  PIMCO suffered $200 Bn in outflows after Bill Gross’s departure.

PIMCO’s flagship fund – PIMCO Total Return is now under Dan Ivascyn, Chief Investment Officer.  The fund which used to be run by Mr Gross has halved its size to $143 bn since its peak in 2013.

The fund had been betting against the Euro and proved to be a winner from the move by the Swiss Central Bank, which decided on 2015-01-15 to let the franc rise against the Euro.  As a result, Total Return is beating 97 out of 100 funds in its category over the past month!

Reference

Financial Times, Stephen Foley, 2015-01-17, “PIMCO Takes $200bn hit in Outflows”