Home Breadcrumb caret Industry News Breadcrumb caret Industry Investors pulling out of Pimco Investors took $3.1 billion out of Pimco’s largest bond fund, in March alone, marking the 11th-straight month of losses, reports Reuters. By Staff | April 3, 2014 | Last updated on April 3, 2014 1 min read Investors took $3.1 billion out of Pimco’s largest bond fund in March alone, marking the 11th-straight month of losses, reports Reuters. The fund’s performance is lagging 85% of its competitors, Reuters reports, due to some bad calls by the fund’s manager Bill Gross. 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: Bill Gross blasts Britain and eurozone over austerity ETF strategies for a downturn Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo