Bill Gross’s Retirement From Janus Marks Sunset of Bond-Star Era

The solo active fund manager may be going the way of the dodo
His go-anywhere mandate ended up not going much of anywhere

Bill Gross, fund manager at Janus Henderson, discusses his decision to retire and looks back on his career.(Source: Bloomberg)

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By John Gittelsohn

February 4, 2019 at 8:08 PM UTC

This article is for subscribers only.

Bill Gross isn’t just retiring from money management. He’s marking the twilight of an era.

Gross, 74, announced Monday that he was ending his 47-year career managing investments, leaving the daily grind as his Janus Henderson Global Unconstrained Bond Fund bleeds assets and barely breaks even after fees. At Janus, Gross was given the freedom to do anything he wanted, but his fund ended up not doing much of anything.