The Trader 

Pimco bond bonanza

Nicole Elliott

Since bond legend Bill Gross left the company in 2014, the actively managed bond fund house has seen a big reversal in fortune.  After a torrent of cash outflows when his departure was first announced, today we hear that it has managed to attract $50 billion in new money over the first six months of this year.  The Financial Times ascribes this to a growing demand by savers for fixed income products, and especially the ones run by star manager Dan Ivascyn.

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