Pimco’s Ivascyn Beats Gross’s Flagship: Riskless Return

Bill Gross is the biggest and best-known bond picker at Pacific Investment Management Co. He isn’t the top performer.

Daniel Ivascyn, who runs the $11.2 billion Pimco Income Fund, holds that distinction for the past five years among 26 Pimco bond funds bigger than $1 billion, according to the BLOOMBERG RISKLESS RETURN RANKING. The Income Fund rose 13.8 percent in the period after adjusting for price swings, compared with the 9.6 percent gain by Gross’s flagship Total Return Fund, which ranked fourth, according to data compiled by Bloomberg.