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Gross Going From $293 Billion to $79 Million Sets a Trend

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The era of one dominant bond fund may be ending with Bill Gross’s sudden exit from Pacific Investment Management Co.

It’s unlikely that any other actively managed bond fund will soon get as big as Pimco’s $200 billion Total Return Fund - - which has lost billions of dollars to competitors since Gross’s departure. DoubleLine Capital LP, one beneficiary of the exodus, has said it will stop new money from coming into its total-return bond fund well before it reaches $100 billion because that kind of size can hamstring performance.