Updated Thursday, April 24, 2014 as of 9:23 PM ET
Portfolio - Investment Insights
Gross's Mistake on Fed Taper Hits Pimco Funds
by: Charles Stein and Alexis Leondis
Friday, January 3, 2014
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(Bloomberg) -- Bill Gross, the money manager known as “The Bond King,” misjudged the timing and impact of the Federal Reserve’s plan to scale back its asset purchases in 2013, spurring the Pimco Total Return Fund’s biggest decline in almost two decades.

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