Smart Money Leaving Bill Gross?

From Morningstar.com:

Investors pulled money from Bill Gross's new mutual fund in February for the first time since the star bond investor moved to his new home at Janus Capital Group Inc.

The Janus Global Unconstrained Bond fund saw a net $18.5 million in withdrawals from investors last month, and its assets under management sank to $1.45 billion from about $1.5 billion at the end of January...

The outflows in Mr. Gross's fund reflect a reversal from his first three months at the helm, when Mr. Gross saw his fund jump from about $12 million in assets when he took over to more than $1 billion in assets under management.

However, Janus said in January that Mr. Gross had invested "more than $700 million" into the fund himself...

Analysts and industry observers have been watching to see how much of the more than $190 billion that left Pimco in the last four months of 2014 would end up with Mr. Gross.
----
Link: http://news.morningstar.com/all/dow-jones/us-markets/201503097337/bill-grosss-fund-at-janus-logs-first-monthly-outflow.aspx