Bill Gross – Billionaire
William Hunt “Bill” Gross (born April 13, 1944) is an American investor, fund manager, and philanthropist. He co-founded Pacific Investment Management Co. Gross ran PIMCO’s $270.0 billion Total Return Fund (PTTRX). Gross left Pimco to join Janus in September 2014.
Early life and education
Gross was born in Middletown, Ohio, the son of Shirley (Tait), a homemaker, and Sewell Mark Gross, a sales executive for AK Steel Holding.(subscription required) Part of his family is originally from Winnipeg, Canada. He was raised a Presbyterian. He moved with his parents to San Francisco in 1954. Gross graduated from Duke University in 1966 as an Angier B. Duke Scholar, and with a degree in psychology. At Duke, he joined Phi Kappa Psi. He then served in the Navy and earned an MBA from the UCLA Anderson School of Management in 1971. Gross briefly played blackjack professionally in Las Vegas, Nevada, and has said that he applies many of his gambling methods for spreading risk and calculating odds to his investment decisions.
Investment career
Gross is a CFA Charterholder, who earned his credentials while working as an investment analyst for Pacific Mutual Life between 1971 and 1976.
Gross managed one of the world’s largest mutual funds, focusing mostly on bonds. Called “the nation’s most prominent bond investor” by The New York Times, he co-founded Pacific Investment Management (PIMCO) and managed PIMCO’s Total Return fund (the world’s largest bond fund) and several smaller ones until his departure in September 2014.
In the 1990s he authored two popular-market books on investing, Bill Gross on Investing and Everything You’ve Heard About Investing is Wrong! In September 2008, by holding large positions in agency-backed mortgage bonds of Fannie Mae and Freddie Mac, Gross’s funds netted U.S. $1.7 billion after the federal takeover of Fannie Mae and Freddie Mac.
| Bill Gross | |
|---|---|
| Born | William Hunt Gross April 13, 1944 Middletown, Ohio, U.S. |
| Residence | Laguna Beach, California, U.S. |
| Nationality | American |
| Alma mater | Duke University University of California, Los Angeles |
| Occupation | Investor, fund manager, and philanthropist |
| Known for | Founding of PIMCO Managing the PIMCO Total Return Fund |
| Net worth | US$2.4 billion (February 2017) |
| Spouse(s) | Sue J. Frank |
Source:wikipedia