Published On: Mon, Nov 10th, 2014

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.

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