Bill Gross
Bill Gross, famously crowned as the Bond King, is a legendary bond and fixed income pioneer. Bill is best known as the Co-Founder of PIMCO, one of the world's largest investment firms. Under his watch, PIMCO rose to become a $2 trillion asset management powerhouse. He served as the firm’s Managing Director and Chief Investment Officer and ran the biggest bond fund in the world before leaving for Janus Henderson Investors in 2014. Bill retired in 2019 to focus on managing his personal assets and private charitable foundation. Today, he oversees the $465 million-asset William, Jeff and Jennifer Gross Family Foundation, which annually donates up to $21 million to non-profits involved in humanitarian causes, health care, arts, and education. He is also a regular keynote speaker at global events and a noted philanthropist and generous donor. Bill is the author of Bill Gross on Investing, Everything You've Heard About Investing Is Wrong! and I'm Still Standing.
Bill Gross Professional Experience / Academic History
Professional Experience
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Co-Founder
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Portfolio Manager
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Co-Founder, Managing Director and Chief Investment Officer
Academic History
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M.B.A., Business and Managerial Economics
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B.A., Psychology
BOND KING
Bill is the world's most renowned and decorated bond manager.
He created the first investable market for fixed-income securities accessible to all investors.
He is also credited with aggressive bond investing and turning the quiet bond market into a destabilized game of high risk and high reward.
He is widely credited with pioneering the "total return" strategy in bond investing. His approach expanded traditional bond management by focusing not only on the interest income but also on capital gains, active trading and risk management.
Bill co-founded PIMCO with Jim Muzzy and Bill Podlich in 1971 with only about $12 million of assets.
His legendary multi-decade run at PIMCO led the company to manage trillions of dollars.
Under his leadership, the PIMCO Total Return fund was considered the world's largest fixed income fund and delivered market-beating performance to match. From 1987 to 2014, his fund boasted nearly $500 billion in assets by 2013.
In 2014, Bill resigned from PIMCO during a period of internal management struggles.
He sued PIMCO for wrongful dismissal in 2015. The case was settled in 2017 for $81 million, which went to the Sue and Bill Gross Foundation.
On the day his move was publicly announced, Janus's share price climbed 43% representing a historical one-day gain for the company.
The fund he managed saw its AUM climb from $13 million at the end of August 2014 to almost $80 million at the end of September 2014.
On February 4, 2019, Janus announced his retirement at the age of 74.
RECOGNITIONS
2011 Institutional investor's Money Management Lifetime Achievement Award
2000-2009 Morningstar Fixed Income Manager of the Decade
2000 Bond Market Association's Distinguished Service Award
1996 Fixed Income Analysts Society's Hall of Fame
MEDIA & APPEARANCES
Bill has been profiled, featured, and quoted in numerous financial media outlets and publications.
He has appeared in Forbes, The New York Times, Bloomberg, Yahoo! Finance, Financial Times, CNBC, Reuters, Barron's, The Economist, Fortune, The Wall Street Journal, Business Insider, NPR, Institutional Investor and MarketWatch.
BLACKJACK
After earning his undergraduate degree, Bill set out to Vegas where he worked at the blackjack tables, counting cards for up to 16 hours a day.
From his months of counting cards, he learned a vital lesson that he applies in his investment decisions: taking too much leverage and having too much debt will bring the house of cards tumbling down.
He started out with $2,000 in his pockets in Vegas and left with $10,000 after four months.