Oct. 8 (Bloomberg) -- Bill Gross’s Janus Global Unconstrained Bond Fund received $66.4 million in client deposits in September, the month Gross announced he was leaving Pacific Investment Management Co. to join Janus Capital Group Inc.
The deposits bring assets at the fund, which Gross started managing this week, to $79.1 million, according to Chicago-based fund researcher Morningstar Inc.
Gross, who co-founded Pimco in 1971 and ran the world’s largest bond mutual fund, left the firm Sept. 26 after his deputies threatened to quit and management debated his ouster, according to people familiar with the matter. His departure prompted investors to review their investments with the firm and move money to competitors.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
