Bill Gross, co-founder and co-chief investment officer of Pacific Investment Management Co., will join Janus Capital Group Inc., the company said.
Gross will start Sept. 29 at the new Janus office in Newport Beach, Calif., and will begin managing the Janus Global Unconstrained Bond Fund on Oct. 6, according to a press release distributed by BusinessWire today.
Mark Porterfield, a PIMCO spokesman, and Janus spokesman Steven Shapiro didn’t immediately respond to requests for comment.
“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 said in the statement. “I chose Janus as my next home because of my long standing relationship with and respect for CEO Dick Weil and my desire to get back to spending the bulk of my day managing client assets.”