George Soros Bill Gross

George Soros Injects Half Billion Dollars in Bill Gross

Bill Gross, a former Pimco chief who recently set up shop at Janus Capital, just received the amount of half billion dollars to manage from a hedge fund titan George Soros.
Soros Fund Management LLC, which Soros chairs, has invested $500 million in an account run by Gross at Janus Capital Group Inc, the Denver-based firm said on its website on Thursday.
The money will be managed through a private investment vehicle named Quantum Partners LP and invested in a separate account, Janus said. The portfolio will follow the strategy that Gross is employing in his Janus Global Unconstrained Bond fund, which has $443 million in assets under management.
Soros Fund Management approached Gross after he resigned from Pimco in late September, a person familiar with the situation said.
Source: Reuters

Related to: Hedge Fund Update

Tags: Hedge Fund of Funds Business, Hedge Fund, Hedge Funds, Fund of Hedge Funds, Hedge Fund of Funds, Hedge Fund Industry, Hedge Fund Group, Hedge Fund Market, Hedge Fund Investments, Hedge Fund Advisory Firm, Hedge Fund Returns, Bill Gross, Pimco, Janus Capital, George Soros, Soros Fund Management LLC, Janus Capital Group Inc., Denver, Quantum Partners LP, Janus Global Unconstrained Bond.

Hedge Fund Videos | 30+ Free Videos on Hedge Funds