Soros Pulls $500 Million Investment With Bill Gross, WSJ Reports

  • Soros invested with Gross after his departure from Pimco
  • Gross's new fund at Janus trails 71 percent of peers in 2015

George Soros’s investment firm has pulled a $500 million investment with Bill Gross that it made last year after the bond manager left Pacific Investment Management Co. to run a new fund at Janus Capital Group Inc., the Wall Street Journal reported, citing industry data and a person familiar with the matter.

The money invested by Soros Fund Management was held in a separate, institutional account that followed a similar strategy as Mr. Gross’s mutual fund, the newspaper said.

Gross’s fund at Janus, the $1.38 billion Janus Global Unconstrained Bond Fund, declined 1.2 percent this year, trailing 71 percent of similar funds, according to data compiled by Bloomberg. Gross personally invested $700 million in the Unconstrained Fund, according to a January filing.

Janus spokeswoman Erin Passan declined to comment.

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE