just added a $28-billlion portfolio to his personal responsibility.
Alexis Leondis of Bloomberg reports
that, effective yesterday, the bond fund start and Pimco
] co-chief investment officer now PMs the Pimco Unconstrained Bond Fund
, as its current PM, 33-year Pimco vet Chris Dialynas
, takes a sabbatical.
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.
Neil Anderson, Managing Editor
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