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Billionaire hedge fund manager George Soros has reportedly pulled the $500 million investment he made about a year ago in a fund managed by Bill Gross at Janus Capital Group Inc.

Gross has been managing the Janus Global Unconstrained Bond Fund since leaving Pacific Investment Management Co. last September.

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Janus’ unconstrained bond fund had about $440 million in assets as of last November when it received the roughly $500 million investment from Quantum Partners LP, managed by Soros Fund Management LLC in New York. Janus said at the time that the funds would be in a Gross-run account that has a similar strategy to that of its unconstrained bond fund.

The unconstrained bond fund, which now has about $1.4 billion under management, had a 0.48% return for the past month, compared with 0.02% return on the Barclays U.S. Aggregate Bond Index. It lost 2.61% over the past three months and 1.43% year-to-date, versus returns of 0.55% and 1.14% on the Barclays index, respectively.