No point in comparing Bill Gross’ performance at Janus to what he did at Pimco
Breakfast with Benjamin While it might be tempting to pit the Bond King's new Janus fund against the Pimco Total Return Fund, they are different animals.
- Comparing Bill Gross’ past and present performance is like comparing apples and oranges. While it might be tempting to pit the Bond King’s new Janus Global Unconstrained Bond Fund (JUCAX) against the Pimco Total Return Fund (PTTRX), they are different animals. A more appropriate comparison would be to stack Mr. Gross’ new fund’s 12-month decline of 0.72% against the 2.81% decline over the same period by the Pimco Unconstrained Bond Fund (PUBAX).
- The direction of the price of oil is anything but certain. It’s either climbing toward $80 a barrel, or falling toward $18.
- U.S. stocks followed China in an opening-day decline, and 10 S&P 500 Index stocks stand out as being the worst of the lot. The poorest performers on the first trading day of the year.
- UBS leaves a 29-year-old in charge of $7 billion of the $20 billion the firm manages for wealthy families. Minesh Bhatt was in college during the height of the 2008 financial crisis.
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