(Bloomberg) -- Pacific Investment Management Co.’s flagship fund fell below $100 billion in assets for the first time in more than eight years, leaving it with about a third of the money it managed at its 2013 peak.
Investors pulled $1.8 billion last month from the Pimco Total Return Fund. Withdrawals are slowing, as that redemption follows outflows of $2.5 billion in July, $3 billion in June and $2.7 billion in May, according to a statement by the Newport Beach, California-based firm. After 28 consecutive months of outflows, assets plunged to $98.5 billion as of Aug. 31 from a high of $293 billion in April 2013, when the mutual fund was the world’s largest.
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