Gross helps attract over $1bn after Janus move

Star bond manager Bill Gross helped attract more than $1bn of estimated net deposits into two bond funds at his new home Janus Capital in October.

However, this is a long way from the record redemptions seen at PIMCO after his shock departure in September. Assets in his flagship $221bn Total Return fund fell $27.5bn in October, after a drop of $23.5bn in September. At Janus, the Global Unconstrained Bond fund, which Gross started running last month, attracted an estimated $364m in client deposits in its first full month. This brought assets to $442.9m at the end of October, according to data compiled by Bloomberg. Meanwhile, the Janus Flexible Bond fund took $821m of deposits in the month, increasing assets to $8.4bn. Janus chie...