Super creepy, bond guru, Bill Gross upended himself from PIMCO and moseyed on over to third rate firm, Janus Capital. On that news, shares of JNS are soaring.
Bill leaves PIMCO amidst the SEC throwing meated loaf at his firm for all sorts of irregularities, none of which– I am sure– he had anything to do with. Bill has a long storied career, one of legend–building PIMCO from a piece of shit scrappy dick-licker firm, into the powerhouse it is today. After Mohammed El Arian fired himself, crazy stories started to spread forth the internet about Bill’s eccentric work environment.
But, see here lads, that’s just more corporate bullshit. The ingrates over at PIMCO didn’t appreciate what they had with Bill. They figured they could do it without him, channeling a brand of hubris that pairs rather nicely with success.
At 70 years old, worth over a billion dollars, William H. Gross will now show the catamites at PIMCO who really runs bond-town, albeit from the denizen of a third rate player.
Bill intends to drink their milkshake.
Side note: Bill starts work Monday.
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WOW !!!
Just grabbed some JNS at 15.00
Breaking News: Janus funds to establish stamp collecting club. The club will meet every Monday and Thursday at 5:30pm in the cafeteria.
I wonder if El-Erian will care about his family less, now that Gross is gone?
the old gunslinger wanting to do it “one more time”?
Also very good for BLK, BEN, and to a lesser extent LM and maybe EV- the first two stand to gain mucho AUM
dang, PHK down 13%
“Collapse” is here, and you’re still picking stocks, Mr. Fly?
You sure about that?
“The animal of prey is the highest form of mobile life. It implies a maximum of freedom for self against others, of responsibility to self, of singleness of self, an extreme of necessity where that self can hold its own only by fighting and winning and destroying. It imparts a high dignity to Man, as a type, that he is a beast of prey.” — Spengler
VXX will be on sale today. Load up on OTM calls expiring Oct 18. Report back in three weeks.
as you know, Fly, the milkshake line is actually from a quote at a congressional hearing in the 1920’s investigating the Teapot Dome scandal.
harding
JNS. No brainer buy. Good until $22.
He looks like the alien Roger in the American Dad cartoon.
http://en.wikipedia.org/wiki/Roger_(American_Dad!)#mediaviewer/File:Roger_Smith.png
Master Blaster runs bondtown.
I’m surprised Le Fly didn’t real in Gross as a blogger on IBC at the rate he’s been adding top notch talent (blue star and OA).
I do this for free. In the process of starting up hedgefund.
I thought you were retired. Why would you want to start a hedge fund, they seem to be going under these days?
Exactly. I will only take clients that I want and will not bother me about performance on a monthly basis. I will also not take in a lot of dough. I have a billionare talking to me about it.
I wish you good luck in your new endeavor.
But let’s face it. The prestige of IBC is unmatched. IBC is a jewel.