$782m out the door: investors are fleeing Bill Gross's fund
Investors pulled a total of about $US580 million from Bill Gross's bond fund in the first half of this year and he turned in the worst performance among his peers during the period. Gross's fund, which relies largely on derivatives and options-based strategies to generate returns, ranked last in first-half performance among 44 peers June marked the fourth straight month of withdrawals for Gross's Janus Henderson Global Unconstrained Bond Fund and the outflows dragged assets down to $US1.48 billion, according to Bloomberg estimates.
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