World’s biggest bond fund loses

 
City A.M. Reporter
THE WORLD’S largest bond fund, the Pimco total return fund run by Bill Gross, in June sustained its weakest monthly performance since September 2008 amid a sell off in US Treasuries and other bonds, data showed yesterday.

The fund, which has roughly $285.2bn (£187.5bn) in assets, was down 2.64 per cent last month, marking its weakest monthly performance since the collapse of investment bank Lehman Brothers in the fall of 2008.