he's scott mather the chief investment officer for pimco. good to see you scott, welcome back. >> good to see you, sue. thank you for having me. >> you are outpacing your peers by better than 90% and you've turned that fund around. how did you do it? >> well i'd like to tell you it is all myself but it is really not. we have a process here that is a large team of people involved in designing the strategies and the individual securities that we're excellenting for the fund -- excellenting for the fund. so we have 260 portfolio managers and they are part of the strategy-making process. so it is using the same people and the same processes that have allowed us to outperform over numerous market cycles for deck ates. so we are returning the fund back to where we spend most of the time at the top of the league tables. >> indeed. where did you find the best trades and the best value in the market. because you've basically been looking around the globe as well as in the treasury market. so where did you find the most opportunity? >> well there is a

and tomorrow on "nighlty business report," we'll speak with scott mather the man who runs pimco's total return fund. it looks like the ipo market has been jolted back to life. after a slow start, last night we told you that was all about to change and it did. shares of etsy surged, more than doubling at one point. and an an interview, the ceo said it is focused on growing globally. >> 30% of the shares are international. we are focussed on a few key countries and our strategy is to build mashlgt globally. the countries are balanced buyer and seller eco-systems, so canada u.k. western europe and we are focused on those countries. etsy closed up 87% to $30 a share. >>> party city the discount supply store took party to wall street today. investors embraced the shares and the ceo said what makes that retailer attractive is the unique structure. >> we really are the traditional retailer. we have three legs to the store. we have the manufacturing operation, the wholesale operation and thretail operation and that is a unique paradigm because for our manufacturing operation it is the largest c

we hear from scott mather when "closing bell" continues. don't just visit new york.ith millions of reviews and the best hotel prices... book your next trip at tripadvisor.com today. >>> welcome back. the market taking a big dive today. let's bring in scott mather. he joins us on the cnbc news line. thanks so much for calling in. what's your take on the carnage? >> hi kelly. it seems to us well one we should put it in perspective. in terms of equities we're back to where we were a few weeks ago. the root of today's price action seemed to be very much having everything to do with europe. we saw the four of course overnight equities under pressure from the u.s. open after a large drop in the equity market in europe. from the bond market per spengtive, it looks like most of that concern rippling through the financial markets has to do with increasing concerns about greece. so you saw that spill over into the bond market today. you saw german boones bit up german yields down five basis points. and the peripheral in europe began to widen substantially in italy and spain. t