The recent struggles of Bill Gross exemplifies the dangers of bond investing

Bill Gross is one of the best bond managers of all time, and many followed his lead into unconstrained fixed-income investing, hoping to deliver returns uncorrelated to market benchmarks tracking interest rates. The Janus Henderson fund managed by Gross has turned in worst-in-category performance, highlighting the fact that it is not just stock pickers who have trouble beating the index....(read more)

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