Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Janus Gets $1 Billion In One Month After Hiring Bill Gross

Bill Gross janus

In just the one month that Bill Gross, who was dismissed by Pimco, has been working at Janus Capital Group, the company has attracted $1 billion, according to Bloomberg. For Janus, Gross, aged 70, manages the Janus Global Unconstrained Bond Fund, which drew $364 million client deposits in the first month, bringing total assets to $442.9 million. Janus Flexible Bond Fund saw $821 million last month for a total of $8.4 billion.

Janus has had its fair share of challenges, after losing a hefty amount during the dot.com bust in 2001, having managers depart and paying a fine when then  NY Attorney General Elliot Spitzer found Janus guilty of improper trading in 2003. Janus hopes to revamp its reputation with Gross, who managed $2 trillion in assets at Pimco.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.