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Gross Left Behind in Pimco Return to Top as Deputies Rise

Bill Gross promised in May that funds managed by his Pacific Investment Management Co. would be back on top by the end of the year. So far, his prediction is looking good -- unless you count the funds that Gross himself runs.

Nine of Pimco’s 15 largest mutual funds are beating at least 75 percent of peers so far this year, according to data compiled by Chicago-based research company Morningstar Inc. None of those top performers are managed by Chief Investment Officer Gross. Of the four funds trailing more than half their rivals, three including the Pimco Total Return Fund are run by the 70-year-old investor known as the bond king.