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Why Does Bill Gross Have A Financial Advisor?

TedTed
in Fund Discussions
FYI: The Wall Street Journal recently shared an interesting piece of news about Bill Gross’s new fund with Janus Capital. Investors poured $1.1 billion, an important threshold for attracting institutional clients, into his brand new unconstrained bond fund. That’s a pretty decent haul, but the real scoop here was that more than $700 million of those inflows came from the same Morgan Stanley office in California. And it just so happens that this is the office that one of Gross’s financial advisors works.
Regards,
Ted
http://awealthofcommonsense.com/bill-gross-financial-advisor/

Comments

  • MOZART325
    Morgan Stanley Wealth Advisors was a huge client of Bill Gross's funds at Pimco. One hand washes the other. I would imagine Morgan Stanley will also buy other Janus Funds.
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