Pimco CEO says ‘our DNA is fundamentally unchanged’ after Gross

“With Bill’s recent decision to resign, the perception has been that there has been a dramatic shift at Pimco,” Hodge said in a letter to clients on Pimco's website. Pacific Investment Management Co suffered a record $23.5 billion of withdrawals from its flagship Pimco Total Return Fund in September, with its largest daily outflow occurring on the day of Gross's surprise resignation from the firm on Sept. 26. The Newport Beach, Calif.-based fund manager said the Pimco Total Return Fund, run by Gross for 27 years who made it into the world's largest bond fund, is "well positioned" to meet potential redemptions. The Pimco Total Return Fund has now experienced 17 straight months of outflows, totaling $92.3 billion.

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