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Latest News

Pimco Total Return Falls Below $100B, a Third of Peak

– Pacific Investment Management Co.’s flagship fund fell below $100 billion in assets for the first time in more than eight years, leaving it with about a third of the money it managed at its 2013 peak.

Bond Market Anxieties Divide Wall Street on Fed’s Next Move

Retirement Confidence Drops

Liquid Alt Funds Drive $360M to Fund Manager

BNY Mellon Says Prices Updated Through Friday After Breakdown

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Commentary

Pimco's Total Return Reports $27.5 Billion of Withdrawals

The Pimco Total Return Fund suffered an estimated $27.5 billion of withdrawals in its first full month after the Sept. 26 departure of Bill Gross, its worst month ever for redemptions.

BlackRock Says ETFs Aided Bond Market Stability After Gross Exit

BlackRock, the world’s largest provider of ETFs, said the products acted as “shock absorbers” after Bill Gross’s unexpected exit last month from Pimco.

Pimco Is Replaced by BlackRock at $6.16 Billion Prudential Fund

Pimco seeking to stem redemptions after its co-founder Bill Gross left unexpectedly, was dropped as manager of a $6.16 billion strategy offered by a unit of Prudential Financial.