Bill Gross Departs Pimco, Joins Janus

Bill Gross, now at Janus Capital

The chief investment officer and co-founder of the Allianz-owned bond giant left today in a surprise move, and will join Denver-based asset manager Janus Capital.

Gross, who will remain based at a new Janus office in Southern California, is reported to have left the firm after several weeks of internal discussions about his potential ouster from Pimco. Those discussions centered around his colorful behavior and an ongoing Securities and Exchange Commission (SEC) investigation into allegedly-misreported performance for the exchange-traded fund linked to Pimco's $222 billion total return fund, one of the largest of its kind.

The move comes after Mohamed El-Erian, Pimco's other co-founder, decided to step back from his role as co-CIO earlier this year.

Waters has, in recent years, profiled chief technologists from both Janus and Allianz: George Batejan in Denver and Ralf Schneider in Munich.

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