Based upon his words in a 2014 Janus Capital announcement at the beginning of his Janus tenure, Mr. Gross seems intent on focusing his energy on doing just that:
“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 organization.”
Gross also just injected $700 million of his own money into his new fund, Janus Global Unconstrained Bond (JUCAX), which in part appears to have made an impact on shares of JNS, which are up over 33% year-to-date.
Now, to keep the assets flowing into JUCAX and potentially into other Janus funds, Bill Gross simply needs to show the kind of results that he has proven many in the past he is capable of achieving.
Personally, I wouldn’t bet against a Bill Gross comeback, which also means a Janus revival.
As of this writing, Kent Thune did not hold a position in any of the aforementioned securities. Under no circumstances does this information represent a recommendation to buy or sell securities.
This article is brought to you courtesy of Kent Thune from Wyatt Research.