FYI: Criticism of storied mutual-fund manager is unfounded:
Bill Gross’ track record as a bond fund manager has been roundly — and unfairly — criticized.
Gross earlier this week announced his retirement from mutual-fund management. It’s no secret that Gross’ investment performance, while phenomenal up until 2014, thereafter took a dramatic turn for the worse and over the past four-plus years has been dismal.
The upshot, according to his critics, is that Gross should have quit sooner. That’s an unfair criticism, based on my analysis of Gross’ record, first at PIMCO Total Return PTTRX, +0.00% and, since 2014, at the Janus Henderson Global Unconstrained Bond Fund JUCAX, +0.00% . At standard levels of statistical significance, it is surprisingly difficult to conclude that Gross has lost his touch.
Regards,
Ted
https://www.marketwatch.com/story/bond-king-bill-gross-never-lost-his-investing-crown-2019-02-06/print
