Bond King Bill Gross to Bond Funds: Drop Dead
May 8, 2024
Billionaire Bond King Talks Inflation, Interest Rates, and More
May 17, 2024Bond King Bill Gross Isn’t Into Bonds Anymore. What’s He Buying Instead.
By Andy Serwer
May 16, 2024
At one point, Bill Gross, co-founder of the Pacific Investment Management Co., ran the biggest bond fund in the world. The Pimco Total Return PTTAX -0.23% fund had almost $293 billion in assets in 2013 and delivered market-beating performance to match. In the 15 years through February 2014, his fund returned an annualized gain of 6.68%, versus 5.19% for the average intermediate-term bond fund. It’s no wonder he was famously crowned the Bond King.
