Pimco Total Return Fund posts record $23.5 billion net outflow in September

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. Assets under management have fallen below $200 billion, down from a peak of $292.9 billion in April 2013. First, it's the shock, people who had been thinking of withdrawing assets to Total Return reacted immediately.

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