Read: Tension and departures at Pimco
This year’s return has been 1.29% so far, coming in under its benchmark by 0.55 of a percentage point.
Since last May, investors have taken $52.1 billion out of Pimco’s income investing fund, bringing its assets to $232 billion.
A number of top Pimco executives have departed in recent months, due to reported tensions between Gross and staff.
Read more here.
Also read: