Gross: 'Short of a lifetime' well timed but not well executed

Bill Gross has admitted failing to successfully implement one of the best calls of his career in his own portfolio earlier this year.

In his most recent investment update, Gross (pictured) said that he botched using his own call on ten-year German bunds to benefit his investors. Gross advised investors to short bunds last month when German debt was yielding ten basis points. Bund yields have since moved sharply higher, to trade at a current level of 64bps, but Gross' fund lost 2.5% in April. A list of full holdings within the Janus Global Unconstrained Bond fund portfolio shows Gross was, in part, betting on bunds to trade within a narrow range - a position which would have been hit in recent weeks amid significant ...