Bond veteran Bill Gross to retire after four decades

Maroutsos to take over funds

clock • 2 min read

Bill Gross, who co-founded fixed income specialist PIMCO in 1971 before joining Janus Capital (now Janus Henderson) in 2014, has announced he will retire in March to focus on managing his personal assets and private charitable foundation.

The bond giant, who has run the Janus Henderson Global Unconstrained Bond fund and related strategies since 2014, will pass his portfolio management responsibilities to Nick Maroutsos and the global macro fixed income team that has supported him over the last four years. Maroutsos, co-head of global bonds and portfolio manager at Janus Henderson, will become the named manager of the funds from 15 February. Gross will assist with the transition before his planned departure on 1 March. The team reflects the capabilities of Kapstream, which was acquired by Janus Henderson in 2015, and wa...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot