Pimco Facing A Tsunami Of Asset WithdrawalsMark Melin
Plugging the flow of asset withdrawals from Pimco proved difficult in October, as investors took back $27.5 billion from the flagship Total Return Fund during the month.
Pimco's AUM dissapearing
The decline in assets under management was the largest outflow in the fund’s history. Famous for investing in bonds, the fund once boasted $298 million under management on April 2013 and now has $170.9 billion after 17 straight months of withdrawals.