(Bloomberg) Investors keep pulling money from Bill Gross’s bond fund. The Janus Henderson Global Unconstrained Bond Fund suffered about $60 million of redemptions in December, according to Bloomberg estimates. The outflows lowered the fund’s assets to $950.4 million from February’s all-time high of $2.24 billion. Investors have pulled money for 10 consecutive months since the February peak, in part amid misplaced bets by the fund that rates on U.S. Treasuries and German bunds would converge, a position it later scaled back.
Bill Gross’s Bond Fund Dips Under $1 Billion After Redemptions
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