SEC Filing Shows Bill Gross Owns 51% Of Janus Fund He Runs

Bill Gross and his family held 51.2% of the shares in the bond fund he runs for Janus Capital Group as of the end of last year, according to a regulatory filing by Janus Capital Group on Friday. "William H. Gross, portfolio manager of the fund, is deemed to control the fund by virtue of owning more than 25% of the outstanding shares of the fund," Janus said in a filing with the Securities and Exchange Commission. The Wall Street Journal on Jan. 7 reported that a Morgan Stanley wealth-management office in La Jolla, Calif., where one of Gross's personal financial adviser works, had routed more than $700 million to Gross's Janus Global Unconstrained Bond Fund in October and November, helping to push its size past $1 billion in assets under management. Janus CEO Dick Weill subsequently confirmed that $700 million in inflows had come from Gross himself.