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PIMCO Total Return bled another $4B in June, manager Gross to explore bizarre new analogies

David_Snowball
in Fund Discussions
The big fund saw outflows of $4.5B in June, worse than than $4.3B pulled in May. Overall, it's down about $70B from its April 2013 peak.

Okay, so apparently Gross's rambling invocation of The Manchurian Candidate didn't help as much as he thought it would. Fallback possibilities: allusions to Lindsay Lohan's dysfunctional parents, the discussion of how the slightest mistake in preparing the otherwise delicious fugu leads to sudden, painful death, or Paavo Nurmi's rejection from the 1932 L.A. Olympics (just a few miles from the happiest place on Earth, Bill!) and his subsequent declaration "Worldly fame and reputation are worth less than a rotten lingonberry."

Stay tuned.

David

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