Bill Gross's Comeback Is Underway

Depending on how you look at things.
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On the one hand, Gross continued to lose money yesterday. On the other, his fund performed approximately 7 times better than it did on Monday, when it set a new Guinness Book of World Records record. He's turning this thing around!

Bill Gross's Janus Global Unconstrained Bond Fund (JUCAX.O) suffered its second day of declines in its net asset value on Tuesday, wiping out gains for the year, according to fund-research firm Morningstar Inc on Wednesday. The $1.5 billion Janus fund's returns stood at negative 2.63 percent year-to-date as of Aug. 25, which places Gross's portfolio behind 92 percent of its peers category, Morningstar said. The Janus Global Unconstrained Bond Fund was down 0.42 percent on Tuesday after a 2.86 percent decline on Monday.

Wiping out gains, shmiping out gains. Manager of the year 2015 is in his sights.

Bill Gross's Janus bond fund drops second consecutive day [Reuters]

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