Gross claws back from bottom after October risk rally

The world's biggest bond investor Bill Gross has regained his top spot amongst his peers as investors piled back in to riskier assets.

Gross' $244m Pimco Total Return fund rose 1.7% over the past month, beating 93% of rivals and accounting for half of the fund's 3.6% overall return so far this year, according to Bloomberg data. Investors have been concerned the previously top-performing manager had lost his touch after a particularly bad year, most recently missing out on the largest quarterly rally in treasuries since 2008. But Gross's fund has received a boost from a rebound in riskier assets such as corporate credit and non-US holdings. His fund invests 21% in corporate debt and 33% in securities outside the US...