Gross’s Fund Rises After Tweaking ’Shorts of a Lifetime’
How Bill Gross Was Able to Execute 'Shorts of a Lifetime'
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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.