The PIMCO Total Return fund suffered a record $27.5bn in outflows last month, following on from the $23.5bn pulled in September as Bill Gross (pictured) left the company.
An 18th consecutive month of net redemptions mean the fund is now $170.9bn in size - down from an April 2013 peak of $293bn - according to PIMCO. The fund group said outflows slowed notably as October...
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