Look who likes Bill Gross: George Soros - to the tune of $500 Million

Well, now.  $500 Million to Bill Gross who moved from PIMCO to Janus.

Smart, big money follows a genius.


Here is what we wrote November 3rd on this blog:


"Bill Gross: best opportunity of the decade"

Bill Gross, the best bond manager in the world for over four decades, left PIMCO and joined Janus.

The simple story is this: a bond investing genius is starting over.  For you, it's time to buy his new fund.

This investing genius left a job, at the firm he founded, managing hundreds of billions of assets.  He is now managing merely tens of millions of dollars.

An opportunity like this is rare because such genius almost never starts over with a small amount of money. 

Buy the talent of Bill Gross by purchasing the new mutual fund he now manages at Janus.  He's younger than Warren Buffett by about 15 years.

Go long Gross.  Put your money in his hands.  No one can argue convincingly against that decision.  PB
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From CNBC.com:

Recently departed Pimco boss Bill Gross just got a vote of confidence from one of the most successful investors of all time.

Janus Capital Management announced Thursday that Quantum Partners, a private investment vehicle managed by Soros Fund Management, has invested $500 million in a separate account managed by Gross.

The account will pursue a similar strategy to the publicly accessible Janus Global Unconstrained Bond Fund, which managed just $442.8 million as of Oct. 31, according to Janus.

Pimco managed $1.87 trillion firmwide as of Sept. 30...

Soros Fund Management is the private investment vehicle for George Soros, a so-called family office. The billionaire investor had run a hedge fund firm by the same name. Soros is worth an estimated $24 billion, according to Forbes...
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Link: http://www.cnbc.com/id/102205145