Bill Gross Explains His New Unconstrained Fund’s Strategy

Former PIMCO CIO Bill Gross made his first appearance and released his first Investment Outlook as Janus Unconstrained Fund manager today, and while he didn’t get into any details about what happened at PIMCO (did anyone really think he would?), Gross answered the most important questions about how he sees his new role.

“An unconstrained strategy sounds very open-ended, and it is. But it allows a professional and experienced investment firm like Janus Capital Group Inc (NYSE:JNS) to select the most attractive alternatives across many asset categories while hopefully diminishing the risk of bond and stock bear markets,” writes Gross. “The strategy seeks to protect principal while providing an acceptable return in this low yielding, low returning world.”