Investors pull $600 million from Pimco Total Return Fund in February

March 2, 2016 10:47 PM

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NEW YORK The Pimco Total Return Fund, which last year lost its crown as the largest bond fund in the world, kept hemorrhaging money in February, with cash withdrawals of $600 million in the month.

The Pimco Total Return Fund had $88 billion in assets under management at the end of February, Pacific Investment Management Co's website indicated on Wednesday. Assets had plunged to $98.5 billion in August 2015 from a peak of $293 billion in April 2013, when the mutual fund was the world's largest...

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