One-time “bond king” Bill Gross plans to finish his career managing money not people and will be pulling back on the use of complex derivatives in his new position at Denver-based Janus Capital Group Inc (NYSE:JNS). Gone is Chairman, Chief Executive and President title, a recent Barron’s piece noted, replaced on the business card with a simple title: “Bill Gross, Portfolio Manager.” Bill Gross to get support at his new office Bill Gross goes from a ruling a kingdom where he had a trillion dollar playground to one where he will manage a mere few hundred million in assets from…
Bill Gross To Cut Back On Derivatives, "Bond Paparazzi" Involvement
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.