In the Margins

PIMCO AUM hits new post-Gross high

July 14, 2017

By Bloomberg

PIMCO's assets under management climbed to $1.61 trillion as of June 30, the biggest quarterly increase since the 2014 ouster of co-founder Bill Gross prompted a flood of withdrawals. PIMCO's AUM rose about $100 billion from $1.51 trillion as of March 31, according to information posted on the firm’s website after markets closed Thursday. They climbed about $70 billion in the first quarter of 2016, previously the highest post-Gross gain. Read the original story from Bloomberg.