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Bill Gross' Retirement Leaves an Asterisk and a Towering Legacy

Investors would have been better off without the drama, but Bill Gross put an indelible stamp on asset management.

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Janus has announced that Bill Gross, co-founder of PIMCO, and manager of  Janus Henderson Global Unconstrained Bond (JUCIX) will retire from Janus, effective March 1.

Gross made big headlines with his abrupt departure from PIMCO in 2014 and the nasty spat that followed. The saga created anxiety and uncertainty for investors, many of whom took their money and ran. It marked a low point for Gross' career and needlessly put at risk all that he had worked to build since helping found PIMCO in 1971.

Eric Jacobson has a position in the following securities mentioned above: PTTRX. Find out about Morningstar’s editorial policies.