Pimco Total Return Redemptions Most Ever at $41 Billion in 2013

Jan 03, 2014 3:09 pm ET

Jan. 3 (Bloomberg) -- Bill Gross’s Pimco Total Return Fund, which lost its title as the world’s largest mutual fund in October, had redemptions of $41.1 billion last year, its most ever, according to Morningstar Inc. estimates.

Clients pulled about $4.2 billion from Pacific Investment Management Co.’s Total Return Fund in December, its eighth straight month of withdrawals, leaving it with assets of $237 billion at the end of last month, Chicago-based research firm Morningstar said today in an e-mailed statement.

--Editors: Josh Friedman, Sree Vidya Bhaktavatsalam