June 5, 2015
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Legendary Bond Investor Struggling to Keep Up
Bill Gross can claim he won a battle when the company he co-founded, Pacific Investment Management Co., agreed late last month to pay him an estimated $81 million to resolve a bitter split.
Bond investor Bill Gross settled a lawsuit against the company he co-founded, Pacific Investment Management Co.
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.
Bill Gross sued Pacific Investment Management Co. on Thursday seeking at least $200 million, news reports said.
Janus Capital Group Inc. has acquired a majority stake in Kapstream Capital Pty Ltd, an unconstrained bond manager in Australia that also has operations in Newport Beach.
A London-based insurance group has shifted the management of its $272 million fund from Pacific Investment Management Co. to Bill Gross.