Investors pulled $39.1 million from the Janus Global
Unconstrained Bond fund last month, according to Morningstar,
marking the third month of outflows this year for Bill Gross's
fund.
Total assets in the fund fell to $1.45 billion in June, down
from $1.49 billion at the end of May.
Mr. Gross has had trouble attracting investor money into his
fund since his abrupt departure from Pacific Investment Management
Co. last September.
The Wall Street Journal reported earlier this month that Mr.
Gross will share some of the limelight at the helm of his fund as
Janus is acquiring Kapstream Capital Pty Ltd. As part of that deal,
Kumar Palghat, a former Pimco executive, will join Mr. Gross's fund
as co-manager.
A representative for Janus wasn't immediately available for
comment.
Write to Lisa Beilfuss at lisa.beilfuss@wsj.com
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