Soros Pulls $500M Investment On Gross’ Fund At Janus Capital

The investment management firm of billionaire investor George Soros pulled out its $500 million investment in a fund managed by Bill Gross at Janus Capital Group, according to a report from the Wall Street Journal based on information from a person familiar with the situation and industry data.

Soros Fund Management made the $500 million investment in November last year. The investment was viewed by market observers as a stamp of approval for Gross’ new venture at Janus Capital Group. Mr....

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