Janus Fund Managed by Bill Gross Attracted $66.4 Million in September
09 October 2014 - 2:27AM
Dow Jones News
By Kirsten Grind
Investors moved $66.4 million into the new bond fund managed by
Bill Gross at Janus Capital Group Inc. in September, according to
data released Wednesday by fund research firm Morningstar Inc.
Most of the inflows for the month likely came in the two
business days after Mr. Gross's surprise departure from Pacific
Investment Management Co. on Sept. 26.
The Janus Unconstrained Bond fund's assets under management
swelled from about $13 million at the end of August to $79.1
million, according to Morningstar.
While that represents a more than 500% increase in the fund's
assets in a short period, it's far less than the net $23.5 billion
that investors pulled in September from Mr. Gross's former Total
Return fund at Pimco.
A spokesman for Janus didn't immediately return a request for
comment.
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