- Pimco suffered a record $27.5B in withdrawals from its flagship Pimco Total Return Fund (NYSEARCA:BOND) (MUTF:PTTAX) in October, extending the large net outflows following Bill Gross' departure from the firm. The redemptions surpassed the $23.5B reported in September.
- The Total Return Fund, the world's biggest bond mutual fund, now has $170.9B in assets, down from a peak of $293B in 2013.
- Earlier this week, Pimco rehired Marc Seidner as chief investment officer of non-traditional strategies, the sixth CIO named since Mohamed El-Erian's departure.
- Additional Pimco Total Return Fund share classes:PTTPX, PTTRX, PTTBX, PTTCX, PTTDX, PTUPX,PTUZX, PTUCX, PTUIX