Gross was born in Ohio in 1944. He graduated in psychology from Duke University in North Carolina then used his Blackjack skills to pay his way through business school at the University of California. After a brief naval career, he joined Pacific Mutual Life as a credit analyst. In 1971, he played a key role in the firm starting up a subsidiary, Pacific Investment Management Company (Pimco), where he spent most of his career, before leaving to join Janus Capital in 2014.
What is his strategy?
Did it work?
As a result, Pimco's Total Return fund had just under $300bn in assets at its peak in 2013, making it much larger than any similar fund. Gross's reputation goes before him Janus's share price jumped by 40% on the news that he was joining the fund group.
What were his biggest successes?
What other advice does he have for investors?
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