1. Bill Gross praised as bond-investing pioneer as he bows out after four-decade career

    Bill Gross praised as bond-investing pioneer as he bows out after four-decade career

    Investors flocked to praise Bill Gross on Monday after he announced his coming retirement, winning praise for a four-decade career that saw him transform fixed-income investing.

    A subpar tenure at Janus Henderson JHG, -0.32% that began in late 2014 saw his career conclude on a sour note.

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  2. Quotes

    1. The last phase of Gross' career — marked mostly by recriminations and underperformance — was kind of a downer. But he still goes down as an all-time great bond fund [manager]. Pimco doesn't become Pimco without Gross. Pioneer and iconoclast, he changed the game.
    2. I'm very proud of the innovative assets that we were able to move into like mortgages, financial futures and TIPS and so on, which is really the basis for performance in Pimco. I've had a great career. I'm proud of it.
    3. The last few years at Pimco were challenging from a performance and a personal perspective resulting in his departure to Janus. Investors failed to follow Gross to his new firm and recent performance struggles have resulted in a retirement decision affecting few shareholders.
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