Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:The Bond Dream Team That Almost Was Not Rated 5.0 Email Routing List Email & Route  Print Print
Monday, October 06, 2014

The Bond Dream Team That Almost Was

News summary by MFWire's editors

For those looking for more insight into the Bill Gross-Pimco-Janus drama of the past week and a half, two articles from this weekend offer glimpses inside the mind of the bond king himself.

Jennifer Ablan of Reuters interviewed Jeff Gundlach, another star bond PM who had a falling out with a European-controlled, Southern California-based asset manager. Gundlach gives the wire service the details about a meeting between himself and Gross that occurred just a week or so before Gross made his move to Janus.

"I did think there could be some kind of 'Dream Team' concept," Gundlach tells Reuters about the possibility of him and Gross working together.

Gundlach saays that Gross agreed that the latter was "running too much money" and that that problem was hurting performance. The article gives more insight into Gross's thoughts, as retold by Gundlach, in the days leading up to his departure from Pimco. And it offers color on the meeting of the bond kings, such as where it went down (Gundlach's house), how Gross got there ("chaffeur-driven car") and the refreshments they spoke over (lemonade, water and sliced veggies).

Also this weekend, Lauren Rublin of Barron's posted an interview with Gross himself, about the move and his market outlook. Retirement, in Gross' words, "just doesn't suit" him.

"Managing money is in my blood," Gross tells Barron's.

Gross confirms that expects to have no role "in setting the company's direction" at Janus, that working on an ETF version of the Janus fund he now PMs "is on Janus' plate", and that Janus' smaller team size and his new fund's smaller asset base will be an advantage.

"I don't intend to downscale in intensity, but Janus is the right spot at the right time for me," Gross tells Barron's

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use