Bill Gross departs Pimco for Janus

From Wealth Manager:

Renowned bond investor Bill Gross is leaving the firm he co-founded to join Janus Capital Management

Gross will be based in a new Janus office to be established in Newport Beach in California and will be responsible for building out the firm’s efforts in global macro fixed income strategies, according to a statement put out by Janus.

He will manage the recently launched Janus Global Unconstrained Bond fund and related strategies and will join Myron Scholes and other members of the Janus team, who focus on global asset allocation. Gross joins at the end of September and he will begin managing the Janus Global Unconstrained Bond Fund and related strategies in early October....MORE