(Bloomberg) -- Janus Capital Group Inc., the firm that hired bond legend Bill Gross last month, is positioned to pick up client deposits as his move sets an enormous amount of money in motion, said Chief Executive Officer Richard M. Weil.

“Bill’s decision to join Janus is obviously bigger than just Janus,” Weil said in an earnings conference call with investors and analysts today. The move changes the “entire fixed income landscape,” and Janus’s funds are “very well- positioned to gather additional assets,” he said.

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