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'Bond King' Bill Gross leaves Pimco, joins Janus E-mail
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News - St Augustine Area & St Johns County
NEW YORK The biggest star in the bond market shocked the financial world Friday by leaving the huge money management firm he has led for four decades and joining a much smaller rival. Bill Gross, who co-founded the investment giant Pimco in 1971 and runs its $222 billion Total Return Fund, said he would join Janus Capital Group. The prospect that investors would follow the guru-like fund manager and pull their money out of Pimco sent the stocks of several rival investment companies soaring. read more

Read entire article: 'Bond King' Bill Gross leaves Pimco, joins Janus



 
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