Gross takes helm of PIMCO Unconstrained Bond Fund

Bill Gross smiling
Bill Gross adds management of the PIMCO Unconstrained Bond Fund to his responsibilities.

William H. Gross has taken over management of the PIMCO Unconstrained Bond Fund, according to a filing with the Securities and Exchange Commission.

The fund had been run by Chris Dialynas. It is unclear why the transition occurred. The fund had $28 billion in asset as of Nov. 29, according to Bloomberg data.

Mark Porterfield, a spokesman for Pacific Investment Management Co., did not respond to a phone call or e-mail seeking comment.

Mr. Gross, PIMCO's founder, managing director and co-chief investment officer, is also manager of the PIMCO Total Return Fund, one of the largest mutual funds in the world with $244.1 billion as of Nov 29, according to Bloomberg data.