Bill Gross To Cut Back On Derivatives, "Bond Paparazzi" Involvement
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...
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