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Grant's Interest Rate Observer

Investment Management
One of Wall Street’s brightest lights can empathize. Pacific Investment Management Co. (a.k.a Pimco), the world’s largest credit investment house, suffered a $29.4 billion in net outflows during the three months through June, parent company Allianz disclosed today. That’s double the withdrawals seen in the first quarter and “significantly higher than expected,” analysts at Citigroup write. Other than the start of the year and the first quarter of 2020, Pimco has enjoyed inflows in each such period going back to the end of 2018.

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