Bill Gross
The Bond King - Built PIMCO into $2 Trillion Giant
Bill Gross
Fixed Income & Bonds
Key Stats
Net Worth
$1.5 Billion
Origin
American
Lifespan
Born 1944 (82 years old)
Biography
Bill Gross is known as "The Bond King" for his unparalleled success in fixed income investing. He co-founded PIMCO and built it into the world's largest bond fund manager with over $2 trillion in assets.
PIMCO Years
Gross co-founded Pacific Investment Management Company (PIMCO) in 1971. Under his leadership, the PIMCO Total Return Fund became the world's largest mutual fund, and Gross became the most influential voice in bond markets.
Investment Approach
Gross pioneered "total return" bond investing, which focuses on capital appreciation in addition to yield. His monthly investment outlooks became required reading for fixed income investors worldwide.
Later Career
After leaving PIMCO in 2014, Gross joined Janus Henderson. He retired from active fund management in 2019, leaving behind a legacy as the most successful bond investor in history.
Trading Philosophy
"Finding the best person or the best organization to invest your money is one of the most important financial decisions you'll ever make."
Famous Trades
US Treasuries
Famously bet against US Treasuries expecting rates to rise, but QE2 pushed bonds higher.
Missed Rally
Underperformed
Legendary Quotes
"Finding the best person or the best organization to invest your money is one of the most important financial decisions you'll ever make."
"The bond market is far more important than the stock market."
Recommended Reading
Bill Gross on Investing
His approach to bond investing