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Allianz Drops Pimco From Co-Branded Funds

The parent of Newport Beach-based Pacific Investment Management Co. is replacing Pimco asset managers with its own advisers for a dozen or so bond funds that combine for about $6 billion in assets.

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Pimco’s Total Return Loses Title as Biggest

Pacific Investment Management Co.’s Total Return Fund, managed by Bill Gross, is no longer the world’s largest mutual fund, a distinction it had held since 2008.

Tease photo

Pimco’s Total Return Loses Title as Biggest

Pacific Investment Management Co.’s Total Return Fund, managed by Bill Gross, is no longer the world’s largest mutual fund, a distinction it had held since 2008.

Tease photo