Gross’s Fund Rises After Tweaking ’Shorts of a Lifetime’


Bill Gross finally figured out a way to execute what he called his “shorts of a lifetime.”

Gross accurately predicted earlier this year that German government debt and Chinese stocks were poised for a slump, but didn’t directly wager against these markets. Instead he sold insurance on German bunds, which depressed returns at his Janus Global Unconstrained Bond Fund in late April and May when the bonds fell faster and further than Gross had anticipated.

Now the manager known as the bond king has recouped some of those losses after adjusting his strategy. He has sold short German bunds and the U.S.STOCK MARKET, which he said would become more volatile when Chinese equities sink. His bet against equities equaled almost 10 percent of the fund’s assets as of June 30, according to documents on Janus’s website…

Gross’s Fund Rises After Tweaking ’Shorts of a Lifetime’

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