Washington
BILL Gross, faced with slow growth at his Janus mutual fund, is reviving the total-return strategy that made him one of Wall Street's most famous bond managers.
Janus Capital Group Inc is setting up a private total-return bond fund, to be managed by Mr Gross, that will raise money from institutional investors, according to a person with knowledge of the matter. Mr Gross told Pension & Investments in an interview published on Monday that Janus plans to offer the total-return strategy as a mutual fund as well.
Mr Gross spent decades running the Pimco Total Return Fund and built it into the world's largest bond fund, with US$293 billion of assets at its peak in April 2013, only to quit amid...
Keyword added to your list