Pimco Return Had 27.5B Net Redemptions in October

Pimco Return Had 27.5B Net Redemptions in October

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Business

University

Hard

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The transcript discusses the significant financial outflows from PIMCO's total return fund in October following Bill Gross's resignation. Nearly $30 billion, or 15% of the fund's assets, were withdrawn. PIMCO noted a slowdown in redemptions towards the end of the month and hopes this trend continues to avoid depleting funds within seven months. Bill Gross has since established a new office nearby.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How much did PIMCO's total assets decrease by due to the redemptions?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What percentage of total assets were redeemed by the end of October?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the total amount of redemptions from PIMCO in October?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What trend did PIMCO observe regarding redemptions towards the end of October?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is PIMCO's hope regarding the pace of redemptions?

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