If George Soros, whose fund threw Gross a couple of nickels earlier this week, had any doubts about his investment with the former Pimco CEO, they have been assuaged. Not only has Gross pledged his undying stewardship of Soros's capital but he's promised to watch over the money 24 hours a day, 7 days a week, no matter what. Should Soros have any questions, any questions at all, he should feel free, nay, encouraged to give Bill a call, day or night (obviously it goes without saying that Gross has assigned him a special ringtone and programmed Soros's number to ring through regardless of any Do Not Disturb settings).
Bill Gross, of Janus Capital Management tweeted on Thursday that he was "honored" to manage a new unconstrained strategic account totaling $500 million for Soros Fund Management. According to Janus' website, Quantum Partners LP, a private investment vehicle managed by Soros Fund Management LLC, "has invested in a separate account managed by Bill Gross." Soros Fund Management, founded in 1969 by legendary investor George Soros, was reported to be one of the most profitable firms in 2010 in the hedge fund industry, averaging a 20 percent annual rate of return over four decades. Gross said on Twitter that: "I and my team will manage your new unconstrained strategic account 24h/day. An honor to be chosen and an honor to be earned as well."