Gross's bond behemoth has been one of the biggest beneficiaries of the recent bond bubble, seeing its total assets swell to $1.2 trillion. The company's flagship Total Return Fund now reigns as the largest in mutual fund history, with more than $250 billion invested, a number Gross expects to grow thanks to his gloomy forecast which calls for a long period of slow growth, low returns, and high unemployment. And though he once declared that "PIMCO will only mean bonds," he recently launched a handful of equity funds.
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