Bond investors might have been wise to leave their money behind after Bill Gross left for Janus but the rush out of the fund continues with another $11.6 billion in redemptions in January, the firm revealed.
That leaves assets at $131.8 billion.
In December, outflows were $19.4 billion and it managed $293 billion at its April 2013 peak. That year, PIMCO paid Gross $290 million.
As money left PIMCO, it certainly didn’t appear to be leaving the bond market, at least not until today.