Pimco Total Return Posts $1.6 Billion in Redemptions

Redemptions from Bill Gross’s Pimco Total Return Fund slowed to a 10-month low in February, the first month after the resignation of Chief Executive Officer Mohamed El-Erian.

Investors pulled a net $1.6 billion from Pimco Total Return Fund in February, the least since May, according to an e-mailed statement from Pacific Investment Management Co. Net redemptions have decreased this year from the fund, which lost its title as the world’s largest mutual fund in October.