Once Hundreds of Billions, PIMCO’s Total Return Fund Could Get Even Smaller
Posted on 12/24/2022
Bill Gross, the former bond king at Pacific Investment Management Company LLC (PIMCO), created the total return strategy for the PIMCO Total Return Fund back in May 1987. The bond fund was popular for both retail and institutional investors and the goal was to combine interest income with capital gains in bond prices to generate…
