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….
Bill Gross Loses Another Wing Man… Again
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.