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Bond guru Bill Gross leaves Pimco, joins Janus Capital

 
Chugiakian
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09/29/2014 09:19 PM
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Bond guru Bill Gross leaves Pimco, joins Janus Capital
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Bill Gross, founder of bond giant Pimco and a guru in the fixed-income business, has left his post as chief investment officer at the company and joined mutual fund management firm Janus Capital, a move that follows record outflows last year and his clash with other top executives.

In an announcement released Friday morning by Janus, Gross said he left to focus less on managerial and operational duties and more on his chief passion, investing in bonds. But his departure, coming eight months after his top deputy, Mohamed El-Erian stepped down, will trigger speculation among bond market watchers about leadership uncertainties and other reported troubles at the world's largest bond firm.

[link to www.usatoday.com]
Chugiakian
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09/29/2014 09:33 PM
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Re: Bond guru Bill Gross leaves Pimco, joins Janus Capital
And last week, Pimco acknowledged that the Securities and Exchange Commission is investigating pricing practices at the exchange-traded version of Pimco Total return.

Hmmmmm
Chugiakian





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