Pimco Founder Bill Gross Departs Company for Janus Capital

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Pimco Founder Bill Gross Departs Company for Janus Capital

Shauna O'Brien

|

Pimco Global Investments
Pimco founder Bill Gross announced on Friday that he has left the company to join Janus Capital. The announcement shocked Wall Street and sent shares of Janus Capital (JNS) soaring 35% on Friday morning.

Inside the Departure

This announcements comes after months of questions about Gross’s leadership and performance of the company’s funds. Additionally, Gross was under pressure from the SEC as the agency had begun to raise questions about an ETF managed by Gross.

Gross will give up his role of Chief Investment Officer at Pimco for a less demanding role at Pimco.

Gross noted: “Today, with a mixture of excitement and sadness, I am announcing that I have decided to join Janus Capital Group and end my association with PIMCO.”

Starting Monday, October 6 Gross will begin managing the Janus Global Unconstrained Bond Fund (JUCAX).

The Bottom Line

This report is huge news for the mutual fund world. The move has shocked Wall Street as well as individual investors.

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Why 30 trillion is invested in mutual funds book

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Pimco Global Investments

Pimco Founder Bill Gross Departs Company for Janus Capital

Shauna O'Brien

|

Pimco founder Bill Gross announced on Friday that he has left the company to join Janus Capital. The announcement shocked Wall Street and sent shares of Janus Capital (JNS) soaring 35% on Friday morning.

Inside the Departure

This announcements comes after months of questions about Gross’s leadership and performance of the company’s funds. Additionally, Gross was under pressure from the SEC as the agency had begun to raise questions about an ETF managed by Gross.

Gross will give up his role of Chief Investment Officer at Pimco for a less demanding role at Pimco.

Gross noted: “Today, with a mixture of excitement and sadness, I am announcing that I have decided to join Janus Capital Group and end my association with PIMCO.”

Starting Monday, October 6 Gross will begin managing the Janus Global Unconstrained Bond Fund (JUCAX).

The Bottom Line

This report is huge news for the mutual fund world. The move has shocked Wall Street as well as individual investors.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

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