Investors poured an estimated $144m into the Janus Global Unconstrained Bond Fund in May, the most new money going to Bill Gross’s mutual fund since December 2014.
Bloomberg News reports that the fund, which Gross runs with assistance from portfolio manager Kumar Palghat, is up 3.3% this year, outperforming 76% of its peers, according to data compiled by Bloomberg. It has returned 2.3% since Gross took over in October 2014.
Gross, 72, has been working to attract assets and reestablish his reputation for investing excellence at Janus Capital after a long career at Pacific Investment Management Co., the firm he co-founded in 1971 and built into a bond powerhouse before an acrimonious split. About half of his current mutual fund’s $1.44bn in assets came from Gross’s personal $2bn fortune.
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