Feb. 4 (Bloomberg) -- Bill Gross’s Pimco Total Return Fund had estimated withdrawals of $3.5 billion in January, after suffering its worst year of net redemptions in 2013.
The withdrawals left Pacific Investment Management Co.’s largest fund with assets of $237 billion, Chicago-based research firm Morningstar Inc. said today in an e-mailed statement. Gross’s fund had redemptions of $41.1 billion last year, according to Morningstar.
Mark Porterfield, a spokesman for Newport Beach, California-based Pimco, didn’t immediately respond to an e-mail seeking comment on the withdrawals.
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