“Hedge fund titan” bets on Bill Gross

In September, bond fund manager Bill Gross left PIMCO. And at that time, there were reports of tension between Gross and other executives at the firm, reports time.com.

But now, things are looking up for Gross. His new firm, Janus Capital, “saw more than a billion dollars of new investments flow in [the] last month.” As well, “the company announced [last week] that hedge fund titan George Soros would be investing $500 million with Gross’ [fund].” Read more.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.