Bill Gross, a Very Gross Disappointment for Janus

I had high hopes for the Grossest man on Wall Street. After leaving PIMCO, I thought Bill would regain his swagger and annihilate the catamites who thrusted him onto the streets looking for a job. Well, sadly enough, that’s not going to happen.

Bill had a good run. But all good runs must end.

For the month of November, the fund saw outflows of $73 million, with assets at $1.3 billion at the month’s end, Morningstar said.

So far this year, the Janus Global Unconstrained Bond Fund is posting negative returns of 2.01 percent and lagging 72 percent of its peer category, according to Morningstar.
In November, Soros Fund Management LLC, which billionaire investor George Soros chairs, pulled its roughly $500 million from an account run by Gross at Denver-based Janus Capital Group Inc.

The cash withdrawals are particularly significant for Gross as his Janus Global Unconstrained Bond Fund, which Gross began managing in October 2014, holds more than $700 million of Gross’ personal money.

Bill is down 3% for the year, clownishly lagging behind 72% of his peers. More than half of Bill’s assets under management are his own. Time to call ot quits, Bill. Go lick your fucking stamp collection.