(Bloomberg) -- The new Bill Gross isn't the one who bent markets to his will at Pimco, who built one of the most enduring track records in bond management history, who moved markets with his pronouncements. That old Gross wanted fame more than power and riches, and he wanted it with a hot eagerness that made enemies. By the time Pimco cast him out, he was considered by colleagues to be a world-class jerk who'd lost his touch.
Some things haven't changed, though. He has more money than he knows what to do with. (He's vowed to give away his entire $2 billion fortune.) He, too, has an enviable job managing money, this time at Janus. And he remains a rock star, one who makes ears prick up when he chirps on anything from the German bund to U.S. Federal Reserve interest rates.
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