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"outflow over the past 12 months to $10.3 billion" from a $241 billion fund. About $1 billion went to DoubleLine Total Return, one of Gross's competitor. This year's under-performance stemmed from his misplaced bet on Treasuries. As of November, he raised Treasury allocation to over 20% in the fund. Going forward the fund will do fine as shown in the past.
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http://www.huffingtonpost.com/2011/12/17/bill-gross-pimco-total-return-fund_n_1155363.html
"outflow over the past 12 months to $10.3 billion" from a $241 billion fund. About $1 billion went to DoubleLine Total Return, one of Gross's competitor. This year's under-performance stemmed from his misplaced bet on Treasuries. As of November, he raised Treasury allocation to over 20% in the fund. Going forward the fund will do fine as shown in the past.