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Pimco regains biggest active bond fund title from TCW

Pimco regains biggest active bond fund title from TCW

Pimco can once again lay claim to having the world’s largest actively managed bond fund, just three months after losing bragging rights to West Coast rival TCW.

Pimco’s Income fund surpassed TCW Group’s MetWest Total Return Bond fund in March as the biggest actively-managed bond fund, according to newly released figures confirmed by both firms.

Co-managed by Pimco’s chief investment officer Dan Ivasycn and Citywire AA-rated Alfred Murata, the Income fund hit $79.1 billion in assets under management as of March 31.

In comparison, the MetWest Total Return Bond fund slipped to $78.6 billion, down from $79 billion in February.

For years, Pimco’s Total Return fund held the title of the biggest actively managed bond fund. At its peak in April 2013, the fund, then managed by Bill Gross, held $293 billion of assets.

The giant fund lost hundreds of billions in assets after Gross left firm in 2014. Meanwhile, the Metropolitan West Total Return fund grew, eventually surpassing the Pimco fund in December last year as the latter fell to $78.5 billion and TCW’s offering hit $79.4 billion.

The Pimco Total Return fund had $73.6 billion as of March 31.

Stephen M. Kane, Laird R. Landmann and Tad Rivelle, managers on the MetWest fund, previously worked at Pimco. The other manager on the fund is Bryan T. Whalen.

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Alfred T. Murata
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17/101 in Bonds - US Dollar Mortgages (Performance over 3 months) Average Total Return: -0.19%
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131/218 in Bonds - US Dollar Medium Term (Performance over 3 years) Average Total Return: 5.36%
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128/218 in Bonds - US Dollar Medium Term (Performance over 3 years) Average Total Return: 5.36%
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129/218 in Bonds - US Dollar Medium Term (Performance over 3 years) Average Total Return: 5.36%
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William H Gross
136/275 in Bonds - US Dollar (Performance over 3 years) Average Total Return: 6.83%
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12/275 in Bonds - US Dollar (Performance over 3 years) Average Total Return: 19.79%
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