Soros Is Said to Pull $490 Million From Bill Gross Strategy
- Soros invested with Gross after his departure from Pimco
- Gross's new fund at Janus trails 71 percent of peers in 2015
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George Soros’s firm pulled almost $500 million from an account run by Bill Gross, money it invested last year after the bond manager left Pacific Investment Management Co. to run a new fund at Janus Capital Group Inc., according to a person familiar with the matter.
Data from eVestment LLC show that an unidentified institutional investor redeemed $490.1 million from the global unconstrained bond strategy run by Gross at Denver-based Janus, Pensions & Investments reported earlier. The money was pulled by Soros Fund Management, the firm overseeing the wealth of the billionaire investor and philanthropist, said the person, who asked not to be identified.