Janus Warns Shareholders On Effects Of Hurricane Bill


Luring the Triple Crown of Newport Beach to Denver comes at a cost.

Janus Capital warned its shareholders they will see higher compensation expenses next year, as the company throws its resources behind Bill Gross and his new bond fund... Denver-based Janus called his arrival a “game-changer” for the asset manager on Thursday. But executives on its quarterly earnings call were more explicit about the potential costs of his arrival than they were about the potential inflows they expect into his new fund. The ratio of compensation expenses to company revenue, which was 39.6 per cent in the third quarter of 2014, will rise next year, most likely hurting Janus’s overall operating margin, chief financial officer Jennifer McPeek told analysts.

Janus shareholders braced for Gross pay costs [FT]


Bill Gross Recommends Golden Retrievers

Apparently Bob Gross the Cat wasn't the only four-legged creature that took up real estate in Gross's heart (though she was the only one entrusted with making investment decisions for his firm).