By Kirsten Grind
Bill Gross in January took in his lowest amount from investors
since he took the helm of a new mutual fund at Janus Capital Group
Inc. about four monthsago, according to new data Monday from fund
research firm Morningstar Inc.
Mr. Gross saw investor inflows of about $86 million into the
Janus Global Unconstrained Bond fund last month, down from $176
million in December, according to Morningstar. Assets in the fund
total $1.5 billion, although Janus confirmed reporting from The
Wall Street Journal last month that Mr. Gross has invested "more
than $700 million" into the fund himself.
A Janus spokeswoman didn't immediately return a request for
comment.
Mr. Gross took over running the Janus fund in early October
following an abrupt departure from his longtime firm, Pacific
Investment Management Co., where he was chief investment officer
and co-founder.
The weak inflows into Mr. Gross's fund in January come as all of
Janus' mutual funds saw a net outflow of $17.8 million for the
month, according to Morningstar. Mr. Gross was widely expected by
analysts and industry observers to help buoy Janus, which has
suffered from years of investors pulling their money from its
funds.
Write to Kirsten Grind at kirsten.grind@wsj.com
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