Oct
12
Gross Fund Has About $47 Million in Outflows as Returns Lag
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Manager’s unconstrained bond fund declines 1.4% in 2015
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Janus Capital pool trails about 68% of rival bond funds
Investors pulled an estimated $47 million last month from the Janus Global Unconstrained Bond Fund run by Bill Gross as his performance this year trailed a majority of rivals.
The bond fund at Janus Capital Group Inc. now oversees about $1.38 billion, according to data compiled by Bloomberg. The fund lost 1.4 percent this year, worse than 68 percent of other unconstrained bond pools…
Gross Fund Has About $47 Million in Outflows as Returns Lag
