The former manager of the worlds largest bond fund says the Fed needs to see a nominal growth rate of 4 percent to 5 percent before raising interest rates.
Clients added a net $87.8 billion in investor money, more than triple what it gathered in the prior three months and the highest amount ever raised in a quarter.
The majority of money gathered by Grosss new fund at Janus Capital Group Inc. came from the same Morgan Stanley brokerage where his personal financial adviser works.
The figures provide a rare glimpse of how some executives were paid at Pimco, even as performance at the firms main fund stumbled and clients started to pull out.
Chief Executive Officer Richard M. Weil has raised the firms profile in the past month, hiring Pimoc co-founder Gross and agreeing to buy VelocityShares to expand in exchange-traded products.
Ford is among large investors moving money from Pimco after his Sept. 26 exit, with clients rattled by the change pulling a record $23.5 billion in September from the Total Return Fund.