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Gross Says He’s Happy With His Performance And Plans To Continue: Video & Text Presentation
1.7% since he took over in October 2014 Obviously my account is but a miscroscopic fraction of Mr Ex Bond King. So who am I to talk. But seems like less than a pedestrian return in Bondville and you would have been better off in a 5 year CD.
Bill Gross has around $700 million invested in JUCDX, so he is paying Janus around $7 million a year in expense fees. I wonder what he earns as compensation every year? Anything under $7 million and he would be better off (financially) if he retired.
Bill Gross has around $700 million invested in JUCDX, so he is paying Janus around $7 million a year in expense fees
I have a suspicious mind. I don't think Bill has an ER for his money in the fund even though his portion makes up more 50% of the AUM.
Charge everyone else twice as much in order to cover his expenses. The fund looks like it collect $13 million in ER based on the math ($1.3B AUM * 1.01% ER).
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http://www.newsmax.com/Finance/StreetTalk/Bill-Gross-credit-bonds-debt/2016/05/26/id/730869/
Anything under $7 million and he would be better off (financially) if he retired.
Charge everyone else twice as much in order to cover his expenses. The fund looks like it collect $13 million in ER based on the math ($1.3B AUM * 1.01% ER).