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Billions pour into rivals of Pimco Total Return Fund
Billions pour into rivals of Pimco Total Return Fund

Investors poured billions of dollars during October into smaller rivals of Pacific Investment Management Co.'s Total Return Fund, the mutual fund once overseen by longtime bond guru Bill Gross. Pimco Total Return, which Gross created and managed until abruptly quitting the Newport Beach company in late September, wasn't expected to disclose its fund status until Tuesday or Wednesday. But the flood of money into other funds indicated that the outflow from Pimco Total Return that began last year and rose this September continued last month. As of Sept. 30, investors had pulled $46.3 billion out of Pimco Total Return since October of last year. The 19% decline left $201.6...

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