pimco

THE NEW RISKS IN 2012

Bill Gross' flagship bond fund has been hit with a wave of redemptions which has left it recording annual outflows for the first time in its history.

Around 10% of Hungary's local bond market is owned by Franklin Templeton Investments, according to reports.

The world's largest bond fund, run by Bill Gross, has seen outflows of $17bn over the past year - a time when bond funds as an asset class have seen net inflows.

Bill Gross' $240bn Pimco Total Return fund has fallen behind 92% of his bond manager peers in terms of calendar year performance.

PIMCO's Bill Gross, manager of the world's largest bond fund, has warned developed economies are set for sluggish growth and artificially low interest rates for a number of years, as they struggle to reduce their sky-high debt levels.

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

PIMCO's Bill Gross, manager of the world's biggest bond fund, has apologised to his investors for a "stinker" of a year after failing to anticipate the fear driving markets since the summer.

PIMCO chief executive Bill Gross has increased exposure to mortgage-backed securities (MBS), widely blamed for the collapse of the US financial system in 2008 and the cause of the credit crunch, on his $242bn Total Return fund.

PIMCO has launched a Global Multi-Asset fund for chief executive Mohamed El-Erian.