Running the Janus Unconstrained Fund until retirement in 2019, Gross often sold volatility, seeking to make money on mispriced options. That’s what drew him to the January frenzy in GameStop Corp.
NEW YORK: One time bond king Bill Gross has been busy in retirement, shorting Treasury bonds, playing chicken with day traders on Reddit and even making a bundle on energy prices.
The Pacific Investment Management Co co-founder, who runs money for his charitable foundation, shared some of his trades in an interview on Bloomberg Television. Gross said he bet against the 10-year Treasury through the futures market and remains short, anticipating a combination of rising commodity prices, a weaker dollar and stimulus-driven demand will spark inflation.
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