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Rating:Gross Leaves Seven Fund Firms Up in the Air Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 30, 2014

Gross Leaves Seven Fund Firms Up in the Air

Reported by Neil Anderson, Managing Editor

On Friday Bill Gross left Pimco for Janus, and that may mean changes for eight open end mutual funds that Pimco sub-advises for seven outside fund firms.

Michelle Swartzentruber, a senior research analyst with corporate communications at Morningstar, confirms that the former Pimco chief investment officer had been listed as a PM on the following Pimco sub-advised, open-end mutual funds:

  • Harbor Bond, which holds $5.61-billion;

  • Harbor Unconstrained Bond, which holds $41.3-million;

  • John Hancock's [profile] JHFunds2 Total Return, which holds $2.48-billion;

  • MassMutual Select PIMCO Total Return, which holds $1.56 billion;

  • Principal Core Plus Bond, which holds $3.49 billion;

  • Transamerica Total Return, which holds $1.07 billion;

  • Voya's VY PIMCO Bond, which holds $977 million; and

  • Pacific Life's PL Managed Bond, which holds $657 million.

    Spokespeople for Hancock and Voya were not immediately able to comment for this story, and Harbor Funds Distributors president Hugh Kelly and a spokeswoman for Pacific Life both declined to comment. MFWire could not immediately reach Principal Funds president Nora Everett or spokespeople for Principal or Transamerica for comment.

    Dave Potter, a spokesman for MassMutual, declined to comment specifically on Gross' move.

    "MassMutual continuously monitors and evaluates the investment offerings within our retirement plan products to ensure that plan participants have what they need to retire on their own terms," Potter tells MFWire

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