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Rating:Gross Wins a $500MM Mandate From a Fellow Billionaire Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 24, 2014

Gross Wins a $500MM Mandate From a Fellow Billionaire

News summary by MFWire's editors

Bill Gross continues to make headlines, this time thanks to a fellow billionaire.

Last week the folks at Gross' new home, Janus [profile], confirmed (and Gross tweeted) that Quantum Partners, a private investment vehicle managed by George Soros' Soros Fund Management, invested $500 million in a separate account version of the $442.9-million Janus Global Unconstrained Bond Fund now PMed by Gross. Gross joined Janus at the end of the September.

Barron's, Bloomberg, Business Insider, the Denver Business Journal, the Financial Times, the Los Angeles Times, Money, Reuters, and the Wall Street Journal all covered Gross' win.

Soros Fund Management manages about $28 billion in total, the WSJ notes. 

Edited by: Neil Anderson, Managing Editor

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