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Janus Attracted More Than $1 Billion After Gross Joined

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Janus Capital Group Inc. saw more than $1 billion of estimated net deposits into two bond mutual funds in October after hiring star bond manager Bill Gross.

The Janus Global Unconstrained Bond Fund, which Gross started managing last month, drew an estimated $364 million in client deposits in its first full month with the bond legend at the helm, bringing assets to $442.9 million through Oct. 31, according to data compiled by Bloomberg. Janus Flexible Bond Fund, a core bond strategy, saw $821 million of deposits in the month, pushing assets to $8.4 billion.