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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


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