The recent struggles of Bill Gross exemplifies the dangers of bond investing
August 20, 2018 at 10:07 AM EDT
Bill Gross is one of the best bond managers of all time, and many followed his lead into unconstrained fixed-income investing, hoping to deliver returns uncorrelated to market benchmarks tracking interest rates. The Janus Henderson fund managed by Gross has turned in worst-in-category performance, highlighting the fact that it is not just stock pickers who have trouble beating the index.