Bill Gross leaving PIMCO is beyond newsworthy.  While one expects to see successful founders, particularly billionaires, decide to hang it up and go do something different, Big Bill didn’t do that.  Big Bill dropped a bombshell: he’s moving to Janus.

Big Bill was not a superstar in money management; he is a supernova.  Like Peter Lynch of Fidelity’s Magellan mutual fund, Big Bill became a brand, the face of an entire asset class.  And because everything is bigger in Bonds, Big Bill brought in big money, as in a trillion dollars or two.  Big Bill is considered The Bond King! (more…)