Gross new fund assets exceed $1bn

Bill Gross Interview Pic

Bill Gross’s main bond fund at Janus Capital Group received an estimated $769m in new money last month, bringing assets above $1bn.

Bloomberg News reports that his Janus Global Unconstrained Bond Fund reported assets of $1.21bn as of November 28. That’s an increase from $442.9m from the prior month. The fund returned 0.38% in the month, according to data compiled by Bloomberg.

Janus is seeking to raise its profile and rebuild a brand damaged by missteps and departures of money managers. The firm hired Gross from Pacific Investment Management Co., manager of the world’s biggest bond fund, and recently agreed to buy VelocityShares LLC to expand in exchange-traded products, the fastest-growing part of the fund industry.

To access the complete Bloomberg News article hit the link below:

Gross’s Janus Fund Attracted $769 Million Last Month

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