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Pacific Investment Management Co. may not win a quick end to Bill Gross's lawsuit claiming he's owed hundreds of millions of dollars after allegedly being forced out of the firm he co-founded 45 years ago.
Investors resumed redemptions from Bill Gross's Janus Global Unconstrained Bond Fund, taking out about $74 million in November.
Bill Gross at Janus says that when central bankers stop printing money, investors will be left holding an empty bag.
Fund manager says central bankers are 'increasingly addled' as their low and negative-interest rate policies fail to produce sustainable growth.
The legendary bond manager claims he was wrongfully pushed out by a “cabal” of Pimco execs seeking a bigger slice of the bonus pool. (More: Bill Gross speaks out on Pimco exit, vows to defeat his rivals )
At Pimco, Bill Gross built a reputation as the world's best bond trader. Now, at Janus Capital, he's managing a much smaller fund — all while being measured against his younger self.
Bill Gross , who recommended shorting the Chinese stock market last month before it plunged, didn't actually do the trade. Instead he wagered against both the S&P 500 emerging market currencies.