Once the ‘Bond King,’ Bill Gross Is Retiring, His Star Dimmed

New York Times
By Jeff Sommer

William H. Gross, the “Bond King,” is going into retirement.

Mr. Gross, who co-founded the investment firm Pimco in 1971 and built it into a $2 trillion colossus, entertained investors with quirky pronouncements over many decades. He left unceremoniously in a nasty dispute in 2014, and joined Janus Henderson Investments, which announced his retirement on Monday.

“I’ve had a wonderful ride for over 40 years in my career,” he said in a statement, “trying at all times to put client interests first while inventing and reinventing active bond management along the way.”