Bill Gross New Fund Had Just $66.4 Million Inflows In Sept

Investors may have pulled their money out of PIMCO in droves after former-CIO Bill Gross announced his departure, but they haven’t followed him blindly to Janus Capital Group Inc (NYSE:JNS). The Janus Unconstrained Bond fund that Gross is now overseeing pulled in just $66.4 million in September, reports Kirsten Grind for the Wall Street Journal, the equivalent of just a couple of basis points at the PIMCO Total Return Fund that he left behind.

Gross picked up less than 1% of his old fund’s outflows

It’s important not to make too much of the early numbers, Gross was only in charge of the Janus Unconstrained Fund for two days in September, but $23.5 billion poured out of PIMCO’s Total Return...