Gross goes solo again as Janus moves his co-manager to new ETF

Los Angeles

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, Janus Short Duration Income ETF, while continuing to oversee other mutual funds, according to a statement Thursday.