Asset Management

Bill Gross’s Janus bond fund lost 2.9% in a day

Fund’s strategy allows it to invest in a variety of securities, unlike a typical bond fund

Bill Gross’s Janus bond fund lost 2.9% in a day

Bill Gross’s bond mutual fund at Janus Capital Group suffered a 2.87% decline in its net asset value Monday, according to fund research firm Morningstar.

The drop is unusually large for a bond fund, according to people familiar with the industry. Gross's $1.5 billion Janus Global Unconstrained Bond fund follows a strategy that allows it to invest in a variety of securities, unlike a typical bond fund.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump