Bond sell-off creates fits for the 'King'

The Pimco manager has been hit hard by the credit market sell-off

Wednesday 26 June 2013 at 15:54

Bond king Bill Gross is one of the hardest hit from the broad credit market sell-off.

Pacific Investment Management Co.'s $285.2bn Total Return Bond Fund has lost 3.65% in June alone, making it the 12th-worst performer among 177 similar bond funds tracked by data firm Lipper.