Bruin Breaks Records

By: crunchgodabruinknees

for Losses...

Ever since his acrimonious departure from Pimco in September 2014 (not to mention his messy divorce), former bond king Bill Gross has had a very difficult time rebuilding his reputation - and AUM - and after a series of dismal wrong-way bets in the bond market, Bill Gross' Janus Henderson Global Unconstrained fund has seen harrowing redemptions following lengthy deep losses which one month ago we reported that just in the first half of the year, amounted to $580 million as a result of the worst performance of his peer group in that period, as the unconstrained fund slumped 6.3% this year through June. 

As we noted at the time, June was the fourth straight month of withdrawals for Gross’s bond fund and with AUM tumbling from over $2 billion at the start of the year to just $1.48 billion in June, a quarter of Gross' AUM has been withdrawn by anxious investors in just the past 6 months alone.


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