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As of Wed 2/10/2016 5:10:00 PM | USD
Calls for 'dry powder' ramp up, but anyone's guess when to deploy it
Breakfast with Benjamin While it might be tempting to pit the Bond King's new Janus fund against the Pimco Total Return Fund, they are different animals.
Investors resumed redemptions from Bill Gross's Janus Global Unconstrained Bond Fund, taking out about $74 million in November.
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Pixium Vision 2015 Financial Results and Business Update
Janus Capital said that Kumar Palghat, who worked with Mr. Gross at Pimco for 10 years, will help run the Janus Global Unconstrained Bond Fund, with Mr. Gross staying on as lead manager. Janus also bought a majority stake in Mr. Palghat's firm, Kapstream Capital.
With another $6.8 million from new investors in March, Janus Global Unconstrained Bond Fund reaches $1.5B in assets.
Investor flows remain inconsistent for Janus Unconstrained Bond Fund, with $39.8 exiting in June.
After the dust from the Bill Gross hiring has settled, verdict is still out as to whether Janus CEO Richard Weil can bring the company's financial metrics up to the level of its competitors.
Janus fund manager likens approach to hedge fund legend Ray Dalio of Bridgewater Associates