Wealth Manager - the site for professional investment managers

WM - Wealth Manager
Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Bill Gross pulls $600m from his former Janus fund

Bond veteran's former strategy sheds assets following withdrawal.

Bill Gross pulls $600m from his former Janus fund

Retired bond manager Bill Gross has withdrawn $600 million (£458 million) from his former Janus Henderson Global Unconstrained Bond fund, which he stepped down from at the end of February. 

As a result of Gross pulling his personal investment in the strategy, assets in the fund have dropped from over $900 million in mid-March to just $232 million as of now.

According to Morningstar Direct data, the fund has suffered outflows of $35 million, $78 million and $605 million, respectively for the first three months of this year.

A spokeswoman for Gross confirmed his withdrawal from the fund, adding that he had always intended to take this money out, as he wants to continue to manage his own portfolio.

The fund, which has been renamed the Janus Henderson Absolute Return Income Opportunities fund, is now solely managed by Janus Henderson’s co-head of global bonds Nick Maroutsos.

To read the full story please visit Citywire Pro Buyer here.

Share this story

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Share this story

dot

Related Fund Managers

Nick Maroutsos
Nick Maroutsos Average Total Return:
1.41%
14/55 in Alternative UCITS - Bond Strategies (Performance over 3 months)
dot
dot
dot

Top stories

Read More
dot