FYI: While Pimco has seen about $290 billion in fund outflows since co-founder Bill Gross left in September 2014, Morningstar said Thursday it remains cautiously optimistic about the future of the firm. The report points to several positive signs, including the stability of Pimco's investment team, the support of parent company Allianz, a slowing rate of outflows, and the return of some key staff.
Regards,
Ted
http://wealthmanagement.com/print/fixed-income/pimco-regaining-its-footing
