Gross Didn’t Execute China Short Trade That He Suggested

Bill Gross, who recommended shorting the Chinese stock market last month before it plunged, didn’t actually do the trade.

The Shenzhen Composite Index has fallen 38 percent since the famed Janus Capital Group Inc. money manager recommended shorting it last month. Gross chose instead to wager against both the Standard & Poor’s 500 Index and emerging market currencies that would be affected by falling stocks in China. Those trades have worked, he said.