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Friday, September 26, 2014

Pimco Tired Of Bill Gross, Janus Thrilled To Have Him



Investor's Business Daily - Investing RSS http://ift.tt/Ymh06A Bill Gross' resignation Friday from Pimco, the $1.97 trillion asset management firm he founded and lead to a colossus in the bond world, has sent shockwaves through the industry. But Gross had been increasingly at odds with other executives and had not delivered his earlier stellar performance. Pimco Total Return Fund , which he ran, has $222 billion in assets, but it has suffered outflow recently amid flagging relative performance


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