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Low Duration Fund investors set to recoup 81 per cent of their investment ; Ultra Short Bond Fund and the Low Duration Fund should be able to encash all their assets by April 2025 ....
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 . ....
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 p ....
Bill Gross' successor at Janus Henderson to quit at 44 and hit the road with kids financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.