Bond Kings See More Carnage
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Thursday, October 03, 2013

Bond Kings See More Carnage

These guys can't seem to catch a break lately.

DoubleLine CEO and CIO Jeffrey Gundlach's DoubleLine Total Return Bond Fund (DBLTX) had its biggest net withdrawals in September as investor flight from bonds hit its fourth month, reports Bloomberg. Clients pulled an estimated $2.1 billion from the $35.1 billion fund during that month.

Meanwhile, Pimco CIO Bill Gross's Pimco Total Return Fund (PTTRX) suffered its fifth straight month of withdrawals, experiencing an estimated $5.4 billion of outflows, ending the month with $250 billion, according to Bloomberg.

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