pimcos bill gross leaving for rival bond investor giant janus
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Pimco's Bill Gross leaving for rival bond investor giant Janus

Arab Today, arab today

Arab Today, arab today Pimco's Bill Gross leaving for rival bond investor giant Janus

Bill Gross
New York - AFP

Bill Gross, who built his Pimco into the world's largest bond investor and wielded outsized influence for years in the markets, is leaving the firm for rival Janus Capital group.
The move, announced by Janus Friday, leaves Pimco, which until recently managed $2 trillion in funds, without either of the two men who built its huge success over that past two decades.
Gross's partner Mohammed El-Erian left in January following an acrimonious spat over investment policy and the company's poor performance in the 2013 debt market that caused investors to begin to pull out billions.
It also comes two days day after reports said the Securities and Exchange Commission is investigating Pimco, formally named Pacific Investment Management Company, over whether it artificially pumped up the returns of a popular fund managed by Gross.
At Janus Gross will join a team focused on global asset allocation and manage a recently launched fund, the Janus Global Unconstrained Bond Fund.
"I look forward to returning my full focus to the fixed-income markets and investing, giving up many of the complexities that go with managing a large, complicated organization," Gross said in a statement.
Pimco, owned by German financial services giant Allianz, was co-founded by Gross and two others in 1971 and built one of the strongest investment records in the bond fund management business.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

pimcos bill gross leaving for rival bond investor giant janus pimcos bill gross leaving for rival bond investor giant janus

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

pimcos bill gross leaving for rival bond investor giant janus pimcos bill gross leaving for rival bond investor giant janus

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday