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Gross's Janus Fund Capping Best Quarter Since He Took Charge

  • Unconstrained is beating almost 90% of competitors this year
  • Bets against `gray swan' events pay off for $1.26 billion fund
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Bill Gross is wrapping up his best quarter since taking over the Janus Global Unconstrained Bond Fund.

The fund has returned almost 2 percent this year and ranks in the top 11 percent of his Morningstar Inc. peers. While three months is a brief record for mutual fund managers, Gross said his performance bodes well in the trading arena he dominated for decades at Pacific Investment Management Co., prior to his September 2014 ouster.