PIMCO Outflows ‘Staggering’ Amid Gross Exit: Morningstar
In November 2014, just over a month after Bill Gross left PIMCO for Janus Capital, Morningstar estimated that PIMCO could withstand $350 billion in outflows over three years without seriously reducing its profit margins or being forced to rethink its structure. Through March, PIMCO’s outflows have totaled $290 billion and operating margins had fallen from 37% to 33%. While Morningstar is ‘cautiously optimistic,’ about PIMCO’s future, the fallout from Gross’ departure was much worse than they had expected . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.