Global investment firm Janus Capital Group Inc. has roped in William H. Gross, world-renowned fixed income investor. Gross will manage a recently launched Janus Global Unconstrained Bond Fund and related strategies, and will join Myron Scholes, and other members of the Janus team focused on global asset allocation. His appointment is effective September 29 and he will begin managing the fund and related strategies effective October 6.
Gross will be based in a new Janus office to be established in Newport Beach, California and will be responsible for building out the firm’s efforts in global macro fixed income strategies. His concentration on such strategies will be separate and complementary to Janus’ existing and highly successful credit-based fixed income platform, built under Gibson Smith, who is the firm's fixed income chief investment officer.
“I look forward to returning my full focus to the fixed income markets and investing, giving up many of the complexities that go with managing a large, complicated organisation,” said Gross.
(Edited by Joby Puthuparampil Johnson)