Our roundup of notable news:
Pimco's woes continue after Bill Gross's abrupt departure, but the firm's flagship total return fund has been building a solid performance track. The total return fund witnessed about $11.6 billion in withdrawals in January, the 21st straight month of redemptions at the investment fund created and formerly run by Gross. The withdrawals slowed from $19.4 billion in December, and brought assets in the Pimco Total Return Fund to $134.6 billion as of Jan. 31, according to data from the Newport Beach, California-based firm, Bloomberg reports. Gross left Pimco on Sept. 26, prompting a combined $91.5 billion in redemptions from the fund from September through January.