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Investors can use exchange traded funds to target the growth equity style.
Technology and growth stocks pushed higher Tuesday after falling under pressure in recent trading sessions on concerns over a spike in inflation. Many are still concerned about whether or not the rising consumer prices will be temporary or more persistent, and whether the Federal Reserve will hike interest rates sooner rather than later.
“That always was the key risk: central banks taking away the liquidity punch bowl before the party has ended,” Brian O’Reilly, head of market strategy for Mediolanum International Funds, told the Wall Street Journal.
by Tyler Durden
Friday, May 14, 2021 - 07:20 PM
The latest example comes courtesy of Bloomberg, which reported last night that the man who succeeded legendary Bond King Bill Gross as the head of global bonds at Janus Henderson (which oversees some $400 billion) has abruptly quit the firm to
spend more time with family .
And while that familiar line is closely associated with departing executives looking to obscure the unsavory nature of their departure, in Nick Maroutsos case, it s not only genuine, but the subject of a profiled by Bloomberg as a prominent example of how the YOLO economy - as the NYT recently termed it - is inspiring high-paid employees to take risks and embrace life .
Janus Henderson Investors
told Bloomberg he will retire in October.
The 44-year-old said the pandemic had made him reevaluate his life. He wanted to spend time with his kids, he said.
Maroutsos took over from legendary billionaire Bond King Bill Gross in 2019.
Nick Maroutsos, head of global bonds at Janus Henderson Investors, is set to retire in October to take more road trips with his kids, after the pandemic caused him to reevaluate his goals in life, he told Bloomberg.
The 44-year-old investor took over from Bond King Bill Gross at Janus in 2019. The firm manages a $400-million portfolio.
He said he planned to spend more time with his wife and three children, and take his 14-year-old daughter to cross-country lacrosse tournaments. He wanted to spend more time with his kids while they still like me, he said.
Nick Maroutsos, the head of the bond department at Janus Henderson Investors, with a portfolio of about $ 400 billion is ready to live the ultimate American dream.
At 44, Maroutsos has one of the most elite jobs in the money management industry. And yet, he announced that he would leave in October to consider his next step and “take to the streets” literally starting road trips across America with his young children, for “as long as they still like me” as he characteristically said.
Maroutsos, better known as the successor to former bond king Bin Gross, told Bloomberg he has not yet thought about what he will do next. But whatever it is, it will involve watching his 14-year-old daughter play lacrosse and more time with his wife and their other two young children. Maroutsos will join the legions of wealthy Americans who quit their daily jobs, adopting the saying “life is short” that grew during the pandemic. In essence, this is another unexpected result of the pandemic,