Gross goes solo again as Janus moves his co-manager to new ETF
Sat, Jul 30, 2016 - 5:50 AM
ALONE, AGAIN: Mr Gross is returning as the sole chief, a role he held when he joined Janus Capital Group in 2014. The change allows Janus to continue its expansion into ETFs and tap the expertise of Mr Palghat, Mr Gross' former No 2.
BILL Gross is running his US$1.5 billion Janus Global Unconstrained Bond Fund by himself - again.
The legendary money manager is losing his No 2, Kumar Palghat, who joined Mr Gross as co-manager last July. Mr Palghat will become co-manager of a new exchange-traded fund...