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Top Bond Fund Manager Admits Failure

Sunday, October 16, 2011 - 1:04 PM
This is why mutual fund companies have to include in the small print that past performance is no guarantee of future performance. And it doesn't matter how experienced and successful a fund manager has been. This LA Times blog Money & Company describes what happened:
Bond guru Bill Gross is offering a big mea culpa to disappointed shareholders of his Pimco Total Return Bond fund, which is suffering through a bout of terrible performance.

Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708