New York
JANUS Capital Group Inc took out an advertisement a year ago to trumpet a US$500 million investment by George Soros in a fund managed by Bill Gross, weeks after the bond guru was ousted by Pacific Investment Management Co and joined the Denver-based firm.
"An honour to be chosen & an honour to be earned as well," Mr Gross said at the time on a tweet he posted on Janus's corporate feed. Now, the Soros money is gone, pulled as the Janus Global Unconstrained Bond Fund lost 2 per cent since Mr Gross started running it, worse than 63 per cent of similar funds. For Mr Gross, who has given himself just a few years to prove he can still beat his peers and burnish his reputation as one of the greatest...
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