Bill Gross last week abruptly left Newport Beach, California-based Pimco, the firm he built into a bond giant, to join Janus Capital Group (JNS.N), a small Denver firm that touts on its website how its friendly, team-oriented culture creates "strong collaborators." While investors are certainly excited about the move - Janus shares are up 30 percent since the announcement - some wonder just how much easily the outspoken, 70-year-old Gross will fit in at the firm led by Pimco veteran Richard Weil. He is said to work well with Janus CEO Weil, and has emphasized a team approach, which could be a contrast with the autocratic style that Gross showed at Pimco. Kevin Mahn, who helps manage $2 billion as chief investment officer at Hennion & Walsh, a Parsippany, New Jersey-based wealth management firm, questions if Gross can co-exist with Smith and how much oversight Gross may face.
via Business News http://ift.tt/YXUTn7
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