Bill Gross' new job at Janus has likely cost him a few million

Bill Gross Interview Pic

Less money, fewer problems. That may be Bill Gross’s new mantra, as he embarks upon a new chapter of his storied fixed-income career.

MarketWatch reports that Gross was rumoured to be making $200m annually when he managed the $200 billion plus Total Return Fund at Pimco, according to a 2012 New York Times story that cited an anonymous source.

But he’s likely making nowhere near that kind of dough at his new digs at Janus Capital Group, according to analysts. Pimco did not provide a comment on Gross’s pay to MarketWatch.

As the Financial Times points out, Janus isn’t required to disclose Gross’s new salary to investors because he is not an executive (though Janus Chief Executive Dick Weil made roughly $4.7 million last year, according to regulatory filings).

But analysts weighed the question of how much the 'bond king' is taking home at his new job during the Janus quarterly earnings call last week.

Hit the link below to access the complete Market Watch article:

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