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Janus Capital Group Inc. (NYSE: JNS) today announced that William H. Gross, world-renowned fixed income investor, will be joining Janus Capital Group. He will manage the Janus Global Unconstrained Bond Fund[[Only available to investors in the US.]] – a recently launched US mutual fund, and the related, soon to be launched offshore fund.
He will join Myron Scholes, Ph.D. and other members of the Janus team focused on global asset allocation. Mr. Gross’ employment will be effective September 29, 2014 and he will begin managing the Janus Global Unconstrained Bond strategies effective October 6, 2014.
Mr. Gross will be based in a new Janus office to be established in Newport Beach, California and will be responsible for building-out the firm’s efforts in global macro fixed income strategies. His concentration on such strategies will be separate and complementary to Janus’ existing and highly successful credit-based fixed income platform, built under the leadership of Janus’ Fixed Income Chief Investment Officer, Gibson Smith.
“Bill Gross has an exemplary track record with decades of success and he will offer an
exceptional approach to navigating today’s increasingly risky markets with a focus on
macro, unconstrained strategies. His involvement provides Janus a unique opportunity to
offer strategies and products that are highly complementary to those already managed by
our credit-based fixed income team,” said Richard M. Weil, Chief Executive Officer of
Janus Capital Group. “With Bill leading our global macro efforts and Gibson our creditbased
fixed income team, I am confident Janus will be able to meet the needs of virtually
any client.”
“I look forward to returning my full focus to the fixed income markets and investing,
giving up many of the complexities that go with managing a large, complicated
organization,” said Mr. Gross. “I chose Janus as my next home because of my long
standing relationship with and respect for CEO Dick Weil and my desire to get back to
spending the bulk of my day managing client assets. I look forward to a mutually
supportive partnership with Fixed Income CIO Gibson Smith and his team; they have
delivered excellent results across their strategies, which deserve more attention.”
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