Janus manager has success with bund trade
Mixed reactions to 'radical' plans
Janus Capital has acquired fixed income asset manager Kapstream Capital, in a move which sees Bill Gross gain a co-manager on his Unconstrained Bond fund.
Old Mutual Global Investors has dropped PIMCO as sub-adviser on its Total Return fund in favour of former manager Bill Gross, now at Janus Capital.
Veteran fixed income manager Bill Gross has admitted he is frightened by the lack of liquidity in bond markets.
PIMCO's CIO Mihir Worah has labelled shorting UK RPI 'the carry trade of the decade', as he sees inflation in the UK remaining below current expectations.
PIMCO's global equities CIO Virginie Maisonneuve is to leave the firm just 18 months after joining the group, as it closes two equity funds.
The PIMCO Total Return fund has fallen in the rankings of world's largest bond fund, replaced by Vanguard's Total Bond Market Index fund.
Former Federal Reserve chairman Ben Bernanke has taken a position as a senior adviser at PIMCO.