Bill Gross Loses Another Wing Man… Again

Bill Gross, the one-time “bond king” with a checkered work relationship history, has lost the co-manager of his Janus Global Unconstrained Bond Fund. Gross, 72, left bond giant PIMCO in a cloud of acrimony that is still being litigated today. He joined Janus in October of 2014. Kumar Palghat, his co-worker from PIMCO, was brought aboard nearly a year ago and was seen as part of the fund’s continuation strategy when Gross retired. Those plans now appear in tatters. “References to Kumar Palghat are deleted” Bill Gross has a history of not playing well in the sand box with others….