The Grinch -- make that mutual fund shareholders -- snatched the gifts from under Bill Gross' tree last Christmas. Total Return shareholders pulled $1.35 billion from Gross' fund in December and $5 billion for all of 2011.

Bloomberg reports that the annual outflows are the first from Gross' fund since 1987.

Burt Greenwald gets the quote of the piece, telling Bloomberg that: "when the performance faltered, it turns out they had some speculative investors who left."

The outflows represent two percent of the fund's $240.7 billion of AUM.  

Edited by: Sean Hanna, Editor in Chief


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