Bill Gross Emblematic of Bond Market Growth: Abramowicz

The transcript discusses the growth of the bond market over 30 years, highlighting the challenges faced by bond fund managers due to fluctuating interest rates and large fund sizes. It explores the transition of Bill Gross from PIMCO to Janice, emphasizing the benefits of managing a smaller, unconstrained bond fund. The discussion also touches on the impact of fund size on performance and the strategic decisions made by large firms like Vanguard to close bond funds to new investors when they become too large.

What has been the annualized return for bonds over the past 30 years according to the text?

What challenges do bond fund managers face in the current market environment?

What changes is Bill Gross making in his management of bond funds?

How does the size of a bond fund impact its performance according to the discussion?

What potential effects could arise from mass selling in the bond market?