September 30, 2014

Reuters: Vanguard, BlackRock may reap billions from Pimco after Gross exit

"Vanguard Group and BlackRock Inc could be prime destinations for hundreds of billions of dollars in assets that may flee Pimco in the wake of the sudden exit of Bill Gross, the celebrated 'Bond King' of U.S. mutual funds. His new company, Janus Capital Group Inc, may see Gross's cachet attract tens of billions of dollars," investors and analysts said.

SunStar's Dan Sondhelm was quoted in the Reuters article. He said Janus could grow significantly within the first few months because of Gross' rock star status. "No salesman could do that."

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