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Spot When Bill Gross Quit

Submitted by Tyler Durden on 01/02/2015 20:20 -0400

If Bill Gross needed any vindication of how PIMCO investors feel toward him vs. the institution of PIMCO, he got it moments ago when Pimco's flagship Total Return Fund reported that it had experienced a whopping $19.4 billion in outflows in December. This follows a combined $60.5 billion in outflows since Gross' departure in September, including a record $27.5 billion in October.

In other words, Gross' quitting has been the catalyst for nearly $80 billion in redemptions from the TRF since August: a third of its then AUM of $221.6 billion, which are now down to a paltry $143 billion, less than half the $293 billion peak of April of 2013. And as the chart below shows, if one were to use the highly scientific "Birinyi ruler" method of extrapolation, PIMCO's TRF will have zero assets under management left some time in August.

On the chart below, spot where Bill Gross quit and led to a third (so far) of PIMCO's TRF getting redeemed.

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Fri, 01/02/2015 - 20:24 | 5616917 bwh1214

Looks to me as if the trend was already in place and not surprisingly the head of the fund jumping ship exacerbated it.

Fri, 01/02/2015 - 20:29 | 5616927 stinkhammer

fuck it dude, let's go bowling

Fri, 01/02/2015 - 20:34 | 5616944 El Oregonian

Man, a real Gross Out!

Fri, 01/02/2015 - 20:49 | 5616982 TheFourthStooge-ing

He really tied the fund together...

Fri, 01/02/2015 - 20:52 | 5616995 Your guess is a...

like a proper dude

Fri, 01/02/2015 - 21:11 | 5617056 pemdas

As always, some insiders were front running it.

Sat, 01/03/2015 - 09:57 | 5618121 Chief Kessler

Hey look, a convenient spot for me to post , amazing,
Good morning ladies, how's yer silver doing? Mines down hard, like yer mom in my crotch last night.

Toodles,

Chief

Fri, 01/02/2015 - 20:51 | 5616991 NoDebt

Bill lost his fucking marbles. And he did it in public. The fall from the peak was DIRECTLY attributable to his public behavior. He didn't feel like sticking around for the full crumble so he bailed. End of story.

Fri, 01/02/2015 - 20:56 | 5617005 johngaltfla

If one CNBC/BBG monkey makes your fund, then your fund SUCKED long before they quit....just sayin'....

Fri, 01/02/2015 - 21:21 | 5617088 Ness.

And the award for 'First one off of the Titanic' goes to Mohamed A. El-Erian.

Fri, 01/02/2015 - 23:00 | 5617358 OldPhart

We Madoff'd some people...

Fri, 01/02/2015 - 20:29 | 5616928 stinkhammer

shomer shabbis

Fri, 01/02/2015 - 20:50 | 5616986 TheFourthStooge-ing

Hell, I can get you a toe by 3 o'clock this afternoon ... with nail polish. These fucking amateurs...

Sat, 01/03/2015 - 17:50 | 5619077 Pig Circus

What's in the fund? My dirty laundry...The Whites.

Fri, 01/02/2015 - 20:26 | 5616920 NOTW777

BOND closed at highs - just shy of $108

Fri, 01/02/2015 - 20:27 | 5616924 The Merovingian

From the looks of it he should have 'quit' sooner.

Fri, 01/02/2015 - 20:31 | 5616936 falak pema

El Erian quit at the summit.

Sat, 01/03/2015 - 03:02 | 5617817 Wild Theories

he didn't quit, he was pushed

can't claim prescience if somebody else pushed you off the titanic before it hit

Fri, 01/02/2015 - 20:35 | 5616951 knukles

Neither of 'em (Bill or Mohammed) have quit their World Pubic Speaking Tour.
Mayhaps more time running money than talking would have done them better.
But, Egos are Egos.

Fri, 01/02/2015 - 20:41 | 5616966 disabledvet

The "Janus Face" isn't just an expression...

Fri, 01/02/2015 - 22:08 | 5617235 WmMcK

Janus only accounts for ~500 million in transfers? What about the rest?

Fri, 01/02/2015 - 23:08 | 5617381 Seal

Gundlach

Sat, 01/03/2015 - 10:17 | 5618143 knukles

Jeff's numbers are actually even better than Bills.
Dildos and porn in the desk drawers, and all.

Fri, 01/02/2015 - 20:54 | 5616998 Your guess is a...

There's some Gross figures..

I'll get my coat

Fri, 01/02/2015 - 21:01 | 5617019 drinkin koolaid

I constantly disagree with you guys regarding the incessant posting about your alleged stock market bubble, but that shot at Chief Permabull Lazlo is classic - Birinyi ruler - good stuff.

Sat, 01/03/2015 - 00:33 | 5617588 Free Wary

ok I'll gladly sell you some stock shares then, oh wait, I don't have any anymore. Nevermind.

Fri, 01/02/2015 - 21:14 | 5617061 Tor Money

Fight back !

Quality Dollar and Euro notes delivered to you in the mail.

Features:
Watermark Control, BackLight Print check,Touch Pad Control, Holograms

HD Printed With Coton Paper (€)

1)Download the Tor browser https://www.torproject.org/download/download

2)Open a Bitcoin account

3)Join one of the top 5 Tor markets http://www.deepdotweb.com/

4)Get your notes

30 units of €20 for €240 (€600) or 50 units of €20 for €375 (€1000)

1 unit of $20 for $6.50 or 40 units of $20 for $190 ($800)

Fri, 01/02/2015 - 21:30 | 5617107 Ness.

What does € mean?

Love,

'Merica

Sat, 01/03/2015 - 00:30 | 5617572 NotApplicable

€8?»

Makes a nice hat.

Fri, 01/02/2015 - 21:21 | 5617087 buzzsaw99

Birinyi ruler doesn't work like that. it only goes up.

Fri, 01/02/2015 - 21:24 | 5617095 Peter Pan

Maybe people just started waking up to the fact that they had too much invested in paper which may become worthless.

Sat, 01/03/2015 - 00:32 | 5617578 Free Wary

Bill Gross made a lot of money for me. THANKS BILL!

I sold out the last of my pimco admin shares at a nice profit sometime in 2012.

I really like bonds, but unfortunately they are all highly overvalued to me right now. Someday they'll come back down and I'll buy bonds again, maybe with Bill's help again who knows.

Sat, 01/03/2015 - 01:55 | 5617736 Sock Monkey Posse

Eject! Eject! Eject!

Sat, 01/03/2015 - 04:12 | 5617863 hedgiex

PIMCO was Bill Gross. He had some rough time in recent years but overall he made lots of money for many. Not easy to clone him in PIMCO. BG has not lost it yet.

Spot When Bill Gross Quit

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