(Bloomberg) -- Bill Gross, who has been running the $1.5 billion Janus Global Unconstrained Bond Fund since leaving Pimco last year, is getting a co-manager.

Janus said that Kumar Palghat, who worked with Gross at Pimco for 10 years, will help run the fund, with Gross staying on as lead manager. Janus also bought a majority stake in Palghat’s firm, Kapstream Capital, a global unconstrained fixed income manager with $6.6 billion in assets.

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