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Pimco Return Had 27.5B Net Redemptions in October

Pimco Return Had 27.5B Net Redemptions in October

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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 Nearly $30 billion, or 15% of the fund's assets, were withdrawn.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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