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Janus Henderson says legendary bond fund manager Bill Gross to retire

Sunny Oh

Janus Henderson Investors said Bill Gross will retire from the investment firm, departing on March 1. The storied investor had helped found Pimco, the largest bond fund manager in the world, and later moved on to Janus to manage its Unconstrained Bond Fund. But in the past few years, the fund has suffered a raft of outflows after his fund underperformed its benchmark.