Bill Gross’s Flagship Had $5.4 Billion of Redemptions in Month

Bloomberg reports:

Bill Gross’s Pimco Total Return Fund (PTTRX), the world’s biggest mutual fund, had its fifth straight month of withdrawals in September.

Clients pulled an estimated $5.4 billion from Pacific Investment Management Co.’s Total Return Fund, leaving the fund with assets of $250 billion at the end of last month, Chicago-based research firm Morningstar Inc. (MORN) said today in an e-mailed statement. Jeffrey Gundlach’s DoubleLine Total Return Bond Fund had $2.1 billion of net redemptions in September, its biggest monthly total ever, Morningstar said yesterday.