Salient to Investors:
- Kurt Brouwer at Brouwer & Janachowski said Pimco have mishandled their corporate decisions but from a money-management perspective he has no issue with Pimco.
- Pimco’s Total Return Fund is on track to underperform a majority of rivals for the third year in four.
- Sanford Bernstein said Gross’s departure may mean asset withdrawals of 10 percent to 30 percent for Pimco.
Read the full article at http://www.bloomberg.com/news/2014-09-29/gross-s-last-defiance-stuns-allianz-pimco-in-janus-move.html
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