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

Over half AUM from his personal estate

Laura Dew
clock • 1 min read

'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...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Bonds

Partner Insight: The UK is facing economic stagnation

Partner Insight: The UK is facing economic stagnation

This should at least be good for fixed income

Gareth Jones
clock 06 December 2023 • 1 min read
Partner Insight: All I want for Christmas.....is yield!

Partner Insight: All I want for Christmas.....is yield!

Rising rates have led to higher yields across the fixed income market. Aegon AM’s High Yield managers evaluate risk positioning and total return potential across the quality spectrum.

Thomas Hanson, Head of Europe High Yield and Mark Benbow, Portfolio Manager at Aegon AM
clock 01 December 2023 • 4 min read
Partner Insight: Exploiting inverted curves

Partner Insight: Exploiting inverted curves

The yield curve is inverted which offers investors an exciting opportunity to increase yield by taking less interest rate and credit risk. With the UK set to enter recession, Fidelity fixed income managers Kris Atkinson and Shamil Pankhania discuss why a defensive income offering looks attractive via short dated, high-quality corporate bonds

Kris Atkinson and Shamil Pankhania at Fidelity International
clock 29 November 2023 • 6 min read
Trustpilot