In the Margins
TCW Group's Metropolitan West Total Return Bond Fund collected more money than any other bond mutual fund in the year following Bill Gross's departure from PIMCO, according to data compiled by Bloomberg. The fund took in some $35 billion in the 11 months ended Aug. 31, doubling its assets. Meanwhile, PIMCO lost about $360 billion. In 2009, TCW had experienced similar out flows after it ousted star manager Jeffrey Gundlach. Read the original story from BloombergBusiness.
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