Asset Management

Janus Henderson loses Bill Gross mandate at Merian

UK company opts to take its bond fund in-house, in a sign of the repercussions from the February retirement of the 'Bond King'

Janus Henderson has lost the contract to run a $200m fund for UK rival Merian Global Investors, which was handled by renowned bond investor Bill Gross until February.

Management of the Merian Total Return USD Bond fund was subcontracted to Janus in July 2015 in order to tap Gross’s expertise. But like his flagship Global Unconstrained Bond fund, the Merian product has underperformed.

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