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Janus Capital Shares Tumble After Soros Said To Pull $500 Million From Gross' Fund
Janus Capital shares have tumbled back from earlier gains after WSJ reports that a firm run by George Soros has pulled a $500M investment with Bill Gross. The represents the unwind of a $500 million investment Soros made in Gross almost exactly one year ago.
As The Wall Street Journal reports,
George Soros’s firm has pulled its roughly $500 million investment with Bill Gross, less than a year after the billionaire investor gave the former bond king his stamp of approval, according to a person familiar with the matter and industry data.
The move is a blow to Mr. Gross, who has struggled with poor performance and outflows at his Janus Global Unconstrained Bond fund since he left Pacific Investment Management Co. last year. The money invested by Soros Fund Management was held in a separate, institutional account that followed a similar strategy as Mr. Gross’s mutual fund.
Industry data provider eVestment LLC, which tracks institutional accounts at fund firms, confirmed that $490 million wasn’t reported by Janus in separate accounts managed by the firm between the second and third quarter. The trade publication Pension & Investments earlier reported on the $490 million outflow, but P&I didn’t identify the party that made the withdrawal.
There are no details as yet on reasons, but one might suspect performance is among them...
And an artist's impression of the new "Market-adjusted" Janus Tombstone...
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He needs the money to create a crisis or some problem somewhere.
FUCKING DIE
It takes a lot to feed and pay refugees.
Bill's too busy wirting articles about death to spend much time managing his fund.
Hey, I just realized something Gross and Soros have in common- they both think about death a lot, just in different ways.
I told him not to put that "Fuck the NWO" bumper sticker on his Maybach.
Soros, the King of Democratic Reform NGOs that are shallow fronts for staging coups in countries so he can install bankers that will enable him to fleece the currency / people like he did to users of Asian Currencies in the late 1990s.
That's a fleecing democrat voters can defend, leading to contributions to their candidates they can support.
F the Krooked Kochs, tho.
ND, anytime I see the name Soros, I think anal rape. Something is happening in the sewers......
Off to start another war or somat?
I'm sure he's going to do something philanthropic with the funds, like destroy a nation, or fund a flesh eating virus.
Knock him out!!
Some scumbags in the BIG BOYS CLUB made a handsome profit from keeping that info close to the vest, if in fact it is true.
The best deals are no longer public.
He needs his 500 million back to make a deal worth a lot more then 500 million with some desperate company.
Yes but look at the tape, they jack rigged the morning price only to slam it down to the original opening price so the losses were contained...amazing the corruption that goes on unabated in this market place,.
Muppets get killed so the 0.1% can continue to raise their paper wealth. Same as it ever was with a tech twist.
I can't even wrap my brain around the kind of power moving around $500mm must give one. I'd probably become a flaming asshole. Struggling as I am trying to remain in the middle class y'all are safe, from me.
Tumble? sounds like a blessing to me.
Fuck Soros
For those interested.
https://finance.yahoo.com/q/mh?s=JNS+Major+Holders
The fund's founder, Jay Anus, could not be reached for comment.
That's why we're suing Pimco, BITCHEZ!