Ivascyn's Best Bet at Pimco Income Fuels First Inflows Since '13
- Income Fund got $12 billion new money as Total Return bled
- Performance is `nothing short of phenomenal,' one client says
Pimco's Ivascyn Pulls Off Stellar Performance
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As Pacific Investment Management Co. watched its flagship fund lose more than half its assets following the surprise departure of Bill Gross, his successor Daniel Ivascyn quietly pulled off a stunning performance.
Over five years, three years and again this year, Ivascyn’s $51.2 billion Pimco Income Fund is beating at least 98 percent of peers. Over all those stretches, it had higher returns and lower volatility than peers, including the biggest bond funds run by competitors including DoubleLine Capital and TCW Group.