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.
“Bill Gross has an exemplary track record with decades of success and he will offer an exceptional approach to navigating today’s increasingly risky markets with a focus on macro, unconstrained strategies. His involvement provides Janus a unique opportunity to offer strategies and products that are highly complementary to those already managed by our credit-based fixed income team,” said Richard M. Weil, chief executive officer of Janus Capital Group. “With Bill leading our global macro efforts and Gibson our credit-based fixed income team, I am confident Janus will be able to meet the needs of virtually any client,” Weil said.
“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)