Finance

This Chart Shows The Major Problems Bill Gross Was Having At PIMCO Before He Left

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pimco outflows
Morningstar, Business Insider

PIMCO's flagship Total Return Fund saw $3.9 billion in net outflows in August, according to Morningstar.

That was the 16th straight month of net outflows for a cumulative total amount of about $68 billion.

This is part of the legacy that CIO Bill Gross leaves behind as he heads to Janus Capital.

PIMCO has attracted a lot of attention in recent months, largely because of the unexpected departure of CEO Mohamed El-Erian and revelations of Gross's unorthodox management style.

Despite the outflows, PIMCO's fund continues to be massive with $221.6 billion in assets under management as of Aug. 31.

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Sam was a deputy editor at Business Insider, where he led the site's global coverage of markets. He previously served as an equity analyst for the Forbes Special Situation Survey and Forbes Growth Investor equity newsletters. His work has been published in Forbes, DealBreaker, and The Fiscal Times. Sam has also held positions at James F. Reda & Associates, Brown Brothers Harriman, and Paul Weiss. He has a bachelor's degree in religion from Boston University, and he is a CFA charterholder.