Bill Gross

Bill Gross Would Rather Spend Two Weeks Locked In A Room Decorated With His Ex-Wife’s Copies Of His Picassos With A Low-Flow Showerhead Alongside Jeff Gundlach Then Suffer Another Day Like Yesterday

Photo: Getty Images In the last few years, Bill Gross has accumulated a number of contenders for “worst day ever.” There was the day his cat died. The day he learned the hard way it was not a good look to still have an AOL account. The day he learned the SEC had questions about his valuation policy. The day his governor suggested that he spend a few minutes less in the shower. The day he heard that President Trump might put his old colleague on the Federal Reserve Board of Governors, a body of which Gross already does not think much. The day Jeff Gundlach, another favorite, called him a “second-tier bond manager.” The day George Soros withdrew the support that had literally kept Gross going just a year before. The day he parted ways with his beloved stamp collection. The day he left the co...

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Mo El-Erian Puts Himself On The 10-Day DL With A Sprained Elbow From Pointing And Laughing So Hard At Bill Gross

Happy Humpday, Mo El-Erian. The portfolio manager’s Janus Henderson Global Unconstrained Bond Fund declined by nearly 3 percent, its worst day since inception, as bond market volatility surged on Italian geopolitical concerns. The fund is now down 5.9 percent for the year to date through Tuesday, according to Morningstar. And don’t you get started, Gundlach. Bond fund managed by Bill Gross has worst day ever [CNBC]

Bill Gross Suffers Worst Day In Four Years Proving That At Least One Man Is Indeed In A ‘Bear Market’

Bonds, like men, are in a bear market. — Bill Gross, January, 2018 There are two highly contentious assertions jammed into those eight words, both of which, if true, have far-reaching ramifications. The notion that the great bond bull market has definitively come to an end is the subject of vociferous debate, but I’ve gotta tell you, bonds’ three-decade run only seems long in the tooth until you compare it to the bull market in “men” who, as a group, have been rallying since the actual Stone Age. Sure, there have been intermittent pullbacks and periodic corrections (e.g., women’s suffrage) but it’s probably fair to say the #MeToo movement is one of the first real structural headwinds the centuries-old rally in men has faced. Analysts are torn, but historically speaking, being short “men” o...

Divorcing Bill Gross Will Turn You Into A World-Class Art Forger And Master Thief

Can you spot the forgery? Bill Gross has long been known as a man of taste and refinement. Bill is an art collector, a noted philatelist, and a famed curator of numerous blood feuds. He’s a man who likes to live publicly, a real character who sometimes offers bond investment advice, and even less often it’s good advice. Unfortunately for Bill, his ex-wife Sue Gross, has now revealed herself to be the Danny Ocean of finance divorcees. Just sit back and breathe in the beauty of this exclusive from The NY Post: Sue Gross didn’t wait until she and Wall Street titan Bill Gross had finalized their split, swapping out a 1932 Pablo Picasso painting entitled “Le Repos” hanging in their bedroom with her own rendering.The original is expected to fetch as much as $35 million at Sotheby’s Monday evenin...

PIMCO’s Future Bond King Won’t Be Able To Humiliate Subordinates, Embarrass Company, Quit In Middle Of Night

Photo: Bob Riha Jr/Getty Images A corollary to the truism that everyone’s a quant now is that everyone’s building robots now. We’ve come a long way from Cliff Asness’ staff cobbling together an algorithmic scratch for the itch of his Warren Buffett fetish, and it’s not just the Ray Dalios of the world anymore putting their brains into silicon immortality. Jeff Bezos, Jamie Dimon, former female bodybuilders-cum-hedge fund managers, even freakin’ Deutsche Bank. Manny Roman’s no stranger to the allure of the algorithmic; after all, he sold his old hedge fund, GLG Partners, to one of the ur-quants, the Man Group. And he’s spent the last two years refashioning Bill Gross’ old house into his own. Sure, his new Bond King is doing great, but he still needs to eat and shower and will die one day. S...

Last Week In Moving On From Bill Gross

Photo: Bob Riha Jr/Getty Images There’s something about Janus Capital’s Bill Gross that tends to stick around long after he’s gone. Let’s call it his essence. It does not wash off easily. Just ask his old company, perhaps at a meeting in its new Bill Gross Room. At last, however, Pimco is beginning to put its founder behind it, to the extent that it can. The Newport Beach, Calif.-based firm said fourth-quarter operating profit rose 10% to €546 million ($682.9 million)—the highest since the third quarter of 2014 when Mr. Gross left Pimco amid management tensions and heavy outflows from his flagship bond fund. Pimco’s recent recovery is at least partly driven by the performance of Mr. Gross’s replacement, Dan Ivascyn, analysts say. The company he founded isn’t alone in trying to move on from...

Bill Gross Is Downsizing

Photo: Bob Riha Jr/Getty Images Bill Gross may never retire, but that does not mean that he has no work-life balance. Far from it, for the Bond King is a man of many varied interests and diverse hobbies. He’s a devoted parent. He’s a dog and cat lover. He’s a feminist and a comedian (unfortunately, at the same time). He’s a dancer. He dabbles in philosophy and contract law. He exercises a bit. And, of course, he’s a writer—a poet, an essayist and a brainteaser pioneer. But outside of the office, Bill Gross is above all things a philatelist. One of the benefits of earning nine figures per year is you can build up a sweet enough stamp collection to sell off chunks of it off and still be the envy of your peers. But two years after winning the National Postal Museum’s Philatelic Achievement Aw...