Powered by MOMENTUM MEDIA

Pimco's Bill Gross jumps ship

By Reporter
 — 1 minute read

Former managing director of Pimco, William H Gross, has joined Janus Capital Group where he will manage the Janus Global Unconstrained Bond Fund and other related strategies.

Mr Gross will be based in a new Janus office located on Newport Beach, California and will be responsible for strengthening the firm’s efforts in global macro fixed-income strategies.

Janus fixed income chief investment officer Gibson Smith said Mr Gross has an “exemplary track record with decades of success”.

Advertisement
Advertisement

“He will offer an exceptional approach to navigating today’s increasingly risky markets with a focus on macro, unconstrained strategies,” said Mr Smith.

Janus chief executive Richard M Weil said Mr Gross’s involvement provides Janus with a unique opportunity to offer strategies and products that are highly complementary to those already managed by its credit-based income team.

“With Bill leading our global macro efforts and Gibson our credit-based fixed income team, I am confident Janus will be able to meet the needs of virtually any client,” said Mr Weil.

Mr Gross said he looked forward to returning his full focus to the fixed-income markets and investing, and “giving up many of the complexities that go with managing a large complicated organisation”.

“I chose Janus as my next home because of my long standing relationship with and respect for chief executive Dick Weil and my desire to get back to spending the bulk of my day managing client assets,” Mr Gross said. 

 

The ifa Excellence Awards are back in 2021 and nominations are now open! This prestigious accolade recognises exceptional professionals within the financial advice industry, shining a light on the outstanding achievements from the nation's best and brightest. If this sounds like you or someone you know, then nominate today for the ifa Excellence Awards 2021!

 

Pimco's Bill Gross jumps ship
investordaily image
ID logo

 

related articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.