Only 40% of P&I Online readers believe Janus will benefit from Bill Gross joining the firm. In contrast, more than 50% of readers believe neither PIMCO nor Janus will benefit from Mr. Gross' move.
Last month, Mr. Gross abruptly quit Pacific Investment Management Co. after 43 years at the firm that he helped found, and agreed to become a portfolio manager at Janus Capital overseeing a $13 million bond fund.
In response to the news, P&I Online asked last week: “Which firm's AUM will benefit from Bill Gross'move to Janus from PIMCO?”
Almost 7% of readers thought PIMCO would benefit from the change and another 3% said both firms would benefit.
Among the 50% of respondents selecting neither, 16% of them left suggestions of what firms might win assets from the turmoil. Readers were particularly keen on DoubleLine, suggesting the firm 14 times. Mr. Gross reportedly had reached out to DoubleLine founder and CEO Jeffrey Gundlach, who is also the chief investment officer, before agreeing to join Janus, according to media reports. BlackRock and J.P. Morgan Asset Management were the second and third most popular selections, receiving eight and six votes, respectively. Loomis Sayles, TCW and Vanguard Group each received three votes and Neuberger Berman, Pioneer Investments, TIAA-CREF and Western Asset Management Co. each received two votes. Another 14 firms received single votes.