Investing

The Price for Losing Bill Gross or Jeff Gundlach

Funds have trouble bouncing back from the loss of a star money manager.

It isn't easy getting over me.

Photographer: Andrew Harrer/Bloomberg

How the mighty have fallen. Earlier this month, the once towering Total Return Fund of Pacific Investment Management Co. hit a milestone. Mary Childs of Bloomberg News observed that Pimco’s “flagship fund fell below $100 billion in assets for the first time in more than eight years, leaving it with about a third of the money it managed at its 2013 peak.”

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