ML-Implode News - $23 Billion Is Pulled From Pimco's Flagship Fund Post-Gross Departure

In all, investors have pulled more than $50 billion from the Total Return Fund this year. The fund, which Mr. Gross had managed since its inception in 1987, now manages just under $200 billion. That's still enormous, but down sharply from the $290 billion the fund managed just last year.
... mutual fund industry analysts are predicting another wave of redemptions in the coming weeks.. It is believed that much of the initial rush of money out of the Total Return Fund was retail investors selling shares held in brokerage accounts and individual retirement accounts. For public pensions, the process of redeeming money from a fund can take several weeks to complete. First, the pensions await recommendations from their outside consultants, and then the boards that oversee the pensions must gather to vote on what to do.

Relevant:

$23 Billion Is Pulled From Pimco's Flagship Fund Post-Gross Departure