I & my team will manage your new unconstrained strategic acct. 24h/day.An honour to be chosen & an honour to be earned as well.
The money will be invested in a separate account from the mutual fund that Gross is managing, but will follow the strategy that Gross is using in his Janus Global Unconstrained Bond fund, which has $443 million in assets under management, according to a Janus statement.
By investing in a separate account rather than Gross’s mutual fund, Soros is protected from the movements of other investors, said Todd Rosenbluth, director of mutual-fund research at S&P Capital IQ. If there were a sudden investor inflow or outflow into Gross’s fund, Soros wouldn’t be affected.
Gross in his new fund has adopted a strategy that allows. Gross to buy bonds of all kinds but also bet against certain kinds of debt and use other tactics that provide him considerable flexibility.
The guy can manage millions of dollars, but can't manage proper grammar. "My team and I..." Not "I and my team."
ReplyDeleteI'm in the wrong business.