Pimco Sees 16th Consecutive Month of Asset Outflows

When Pimco’s Bill Gross was speaking at the Morningstar Conference in Chicago several months ago, he wondered aloud why he was being so harshly penalized by asset withdrawals after delivering strong performance over the lifetime of his fund. The most recent asset withdrawals, the 16th straight month of such asset declines, are sure to leave the head of the world’s largest bond fund scratching his head. PIMCO lost another $3.9 billion in client assets In August Pimco lost another $3.9 billion in client assets after posting a 1.11 percent return on the month – besting over 3/4 of his bond fund…