Investors pulled a net $27.5 billion from Pacific Investment
Management Co.'s flagship Total Return fund in October, the company
said in a filing Tuesday, marking a mutual-fund industry
record.
The amount represents the first full month of investor flow data
since Bill Gross, Pimco's former chief investment officer and
manager of the Total Return fund, left the company Sept. 26. Mr.
Gross now runs a small mutual fund at rival Janus Capital Group
Inc.
The Total Return fund's assets sunk to $170.9 billion, with most
of the outflows happening in the first five trading days in
October, according to the Pimco filing.
"Flows from the Total Return fund peaked on Sept. 26 and slowed
sharply through October," the filing said.
A Pimco spokesman wasn't immediately available for comment.
Write to Kirsten Grind at kirsten.grind@wsj.com
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