Gross Owns Majority of Janus Fund Through Two Brokerages
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Bill Gross and his family own more than half of the bond fund he runs on behalf of Janus Capital Group Inc., after acquiring their shares through brokerage accounts at Morgan Stanley and Charles Schwab Corp.
Gross and his family held a 51.2 percent stake in Janus Global Unconstrained Bond Fund as of Dec. 31, according to a filing Friday by Denver-based Janus with the U.S. Securities and Exchange Commission. The shares had a market value of $739 million, based on net assets of $1.45 billion at year-end.