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The Bill Fund managed by Bill Gross has the worst day ever



Bill Gross had a bad day on Tuesday.

0 country exposures.

Instead, the decline in performance may have been triggered by a negative bet on government bonds in search of their price

In a letter to investors about the first quarter, Gross had written: "Volatility sales on US interest rates contributed to performance positions that should benefit from a moderate increase in rates. " Suppose he has If you did not change that position in the second quarter, that bet would have been blown up. Bond prices rallied on Tuesday as yields fell as investors sought a safe haven in the face of the prospect of a renewed Eurozone crisis. Benchmark 10-year US government bond yields fell below 2.8 percent on Tuesday, falling more than 15 basis points from the previous day and its highs of over 3.13 percent earlier this month. Bond yields are inversely related to prices.

Gross is the company's $ 2.1 billion portfolio manager for the company's Global Unconstrained Bond Fund. Previously, he was co-founder and chief investment officer of Pimco.

Janus Henderson did not immediately respond to a request for comment.


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