Jody Shenn

Withdrawals from a Pimco exchange-traded fund that was run by Bill Gross slowed yesterday after record redemptions the day the star trader left.

REITs “have been one of, if not the biggest contributors” to the underperformance and volatility in mortgage bonds, said Bryan Whalen, co-head of mortgage bonds at Los Angeles-based TCW Group Inc., which oversees about $131 billion of assets.