Gross resurrects 'short of a lifetime' to recover losses

Janus manager has success with bund trade

Bill Gross has said he has successfully executed his "short of a lifetime" trade, after adjusting the investment strategy following losses in May.

Gross (pictured), who left PIMCO in September 2014, now manages the $1.4bn Janus Capital Global Unconstrained Bond fund. In April, the manager revealed his fund has sustained losses after he "botched" his own call on 10-year German bunds. He advised investors to short bunds when German debt was yielding 10bps, but yields rose to 64bps as the market saw significant volatility, causing the fund to lose 2.5%. Gross: 'Short of a lifetime' well timed but not well executed However, in his Q2 update Gross revealed he has since successfully managed to carry out the trade, which he ha...