Schwab Shuts Out Pimco After Bond Fund Says Outflow Slows - Hedge Fund Alpha (formerly ValueWalk Premium)
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Schwab Shuts Out Pimco After Bond Fund Says Outflow Slows

In a sign its problems are going mainstream, Charles Schwab Corp (NYSE:SCHW) has cut the Pimco Total Return Fund from its 10 target date funds, Reuters is reporting. The review of Pimco was completed last week – a week that was capped by Pimco co-founder Bill Gross exiting the firm in startling fashion to join rival Janus Capital Group Inc (NYSE:JNS). PIMCO’s capital outflows slowing down The news from one of the leading discount brokerage firms serving mom and pop investors comes as Pimco was saying the rush of money out of its funds could be slowing. According to a press...

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