Montreal-based National Bank Investments Inc. (NBI) has announced that Bill Gross, the internationally known fixed-income investor, will manage the firm’s new NBI Unconstrained Fixed Income Fund.
Gross is currently a portfolio manager with Denver-based Janus Capital Group Inc. and co-founder of Newport Beach, Calif.-based Pacific Investment Management Co. LLC (PIMCO). Gross served as managing director and chief investment officer at PIMCO prior to joining Janus in 2014.
“We’re excited to give Canadian investors access to Bill’s renowned portfolio management expertise,” says Jonathan Durocher, president of NBI, in a statement. “His unconstrained, macro style of investing will offer investors an exceptional approach to navigating today’s markets.”
NBI Unconstrained Fixed Income Fund seeks to achieve absolute risk-adjusted returns throughout various market environments. The fund is designed so that managers have “significant latitude” to select the most attractive opportunities across the global fixed income spectrum and they are not constrained by traditional benchmark-specific guidelines, according to NBI’s announcement.
“National Bank Investments has expressed confidence in me at Janus and in our ability to deliver for Canadian investors,” says Gross through a statement. “I’m looking forward to our partnership and putting our best efforts to work for their investors.”
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