Gross' Janus Henderson fund sees assets fall below $1bn

Over half AUM from his personal estate

Laura Dew
Janus Henderson manager Bill Gross

Janus Henderson manager Bill Gross

'Bond King' Bill Gross has seen his Janus Henderson Global Unconstrained Bond fund fall below $1bn in assets under management after client withdrawals and poor performance.

Gross joined Janus Henderson in 2014 in an acrimonious move from PIMCO, the bond house he co-founded in 1971. However, the high-profile move has failed to translate into assets, with his new fund peaking at $2.2bn last February and falling to $950m since then. More than half of these assets belong to Gross' own estate with the remainder coming from external assets, according to the Financial Times. This is a distinct turnaround from his days at PIMCO when Gross was running near $300bn in his PIMCO Total Return fund.  Bill Gross' fund suffers worst day since launch The reason for...

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