How Bill Gross Lost Bond Empire at Pimco

The transcript discusses PIMCO's role in the Western U.S. investment culture, focusing on Bill Gross's impact and challenges during his tenure. It highlights the influence of the Federal Reserve on market dynamics and the difficulties faced by large funds like PIMCO in making asset allocation changes. The discussion also covers market predictions, particularly regarding interest rates, and the economic impacts on high yield bonds, especially in the energy sector, with global considerations involving Russia and Venezuela.

What is the significance of the total return Bond fund in relation to Bill Gross's investment strategies?

In what ways did the high yield bond market get affected by external factors?