The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Bill Gross, Unconstrained: the Pimco Guru Personally Takes Over a Booming Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, December 06, 2013

Bill Gross, Unconstrained: the Pimco Guru Personally Takes Over a Booming Fund

News summary by MFWire's editors

Bill Gross just added a $28-billlion portfolio to his personal responsibility.

Alexis Leondis of Bloomberg reports that, effective yesterday, the bond fund start and Pimco [profile] co-chief investment officer now PMs the Pimco Unconstrained Bond Fund, as its current PM, 33-year Pimco vet Chris Dialynas, takes a sabbatical.

Bloomberg notes that Gross' flagship Pimco Total Return Fund, which was the largest mutual fund in the world until earlier this year, has suffered its worst year ever in terms of net outflows: $36.9 billion through November, according to Morningstar. In contrast, through October the Pimco Unconstrained Bond Fund gained $10.2 billion in net inflows year-to-date. Yet the wire service also notes that those inflows have come even as the Pimco Unconstrained Bond Fund has fallen 2.1 percent year-to-date, trailing 75 percent of its peers. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use