Will Bill Gross Hiring resurrects Janus Capital Group Inc (NYSE:JNS)?

Nicholas Maithya - September 29, 2014

Boston, MA 09/29/2014 (wallstreetpr) – Provider of investment management solutions, Janus Capital Group Inc (NYSE:JNS) has got a prized catch. The company has hired world famous fixed income investor, William Gross or Bill Gross, to manage its bond business, where it was lacking after finding itself in an embroiled situation over the mutual funds trading probe.

Will Gross Resurrect Janus?

Janus Capital Group Inc (NYSE:JNS) has been in doldrums for variety of reasons. It was more focused towards stock investment traditionally and witnessed hectic activities when the Internet was buzz with activities, but crumbled after the Internet fizzled out, onlinewsj.com reported.

As if this was not enough, the company had to undergo an inquiry into mutual funds trading. Janus seemed to have felt that there could only be one way to come out of the mess, i.e. to expand its horizons so that it was not restricted itself towards stocks only. In other words, the company wanted to diversify into other fields to include bonds or assets.

Therefore, Janus Capital Group Inc (NYSE:JNS) felt Gross would be an ideal person to handle the bond market to expand its horizons. He was termed as the most successful investor of bond of his generation. Hence, his presence was considered as big boost to its debt trading market. The company has a background of volatile and expects to add some juice into its bond business.

Gross To Be Independent

One of the biggest shortcomings of Gross was said to be the autocratic style of management. This was also quite evident from the way he announced his decision to join Janus from Pacific Investment Management Co or PIMCO by not even keeping the PIMCO management informed of his decision to leave. That he did not tell his management of his decision to leave indicated his behavior, which would be in contrast to Janus, where it was a team work.

Therefore, it remains to be seen whether Gross would be able to cope up with Janu’s more collaborative approach of its fixed-income division headed by Gibson Smith. However, Janus Capital Group Inc (NYSE:JNS) clarified that Gross’s investment would be separate and complementary to the operations of Smith. This could effectively put a full stop for the present.

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Nicholas Maithya

Nicholas is a Financial Analyst by profession, who enjoys writing about investments, technological developments, business, economics and other financial topics at various financial publications. Join him here on Wallstreetpr.com as he endeavors to deliver to you the latest breaking news on the above mentioned fronts. Contact him by email at [email protected] or follow Nicholas Kitonyi @nmaithyak on Twitter.

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