Pimco Liquidates Arnott-Run Smart Beta Market Neutral Fund
- Research Affiliates fund trailed 87% of peers in past 3 years
- Assets had fallen to $316 million from $4.2 billion at peak
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Pacific Investment Management Co. liquidated a smart beta fund, the Pimco RAE Worldwide Fundamental Advantage Fund, effective Friday, according to the firm’s website.
The fund, which had almost $4.2 billion in assets at its peak in September 2014, had fallen to about $316 million as of March 31 as performance trailed peers.