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Bill Gross Retires After Storied Four-Decade Career in Bonds

  • Fund manager was a fixed-income superstar for decades at Pimco
  • Performance at Janus Henderson ‘challenging and disappointing’
Bloomberg business news
Bill Gross, fund manager at Janus Henderson, says he’s retiring to spend more time with his family. Daybreak: Americas." (Source: Bloomberg)
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Bill Gross, who transformed bond investing over a storied four-decade career, is leaving the stage after a tough final chapter.

Gross, who announced his retirement Monday, struggled in the last four years as head of the Janus Henderson Global Unconstrained Bond Fund. His performance failed to match the stellar track record he achieved while building Pacific Investment Management Co.’s Total Return Fund into a bond giant.