Janus Henderson’s Bill Gross to retire

first_imgBill Gross, once dubbed the ‘Bond King’ and one of the world’s foremost fixed income investors, has announced his retirement from Janus Henderson Investors after more than 40 years in investment.Gross planned to focus on managing his personal assets and private charitable foundation, Janus Henderson said in a statement today.The manager currently runs more than $1.6bn (€1.4bn) at Janus Henderson, but once oversaw more than $200bn while at PIMCO, the investment house he co-founded in 1971.Dick Weil, CEO at Janus Henderson, said: “I have known Bill for the past 23 years. Bill is one of the greatest investors of all time and it has been my honour to work alongside him. I want to personally thank him for his contributions to the firm.” Bill Gross“I’ve had a wonderful ride for over 40 years in my career – trying at all times to put client interests first while inventing and reinventing active bond management along the way.“So many friends and associates at my two firms to thank – nothing is possible without a team working together with a common interest. I’ve been fortunate to have had that.“And thank you to all of my past clients for their trust and support. I learned early on that without a client, there can be no franchise. I’m off – leaving this port for another destination with high hopes, sunny skies and smooth seas!” Janus Henderson’s global macro fixed income team will take over management of the global unconstrained bond funds, with Nick Maroutsos, co-head of global bonds, becoming portfolio manager from 15 February “to assist with the transition”, the company said. The US and Ireland-based versions of the fund will be renamed as “absolute return income opportunities” funds on the same date. Gross joined Janus Henderson – then Janus Capital – in 2014 after an acrimonious exit from PIMCO . He left as chief investment officer in September 2014 after falling out with senior colleagues and later sued the company for $200m. The parties settled the lawsuit for $81m in 2017.The global unconstrained bond strategy run by Gross underperformed its benchmark since he joined, according to Janus Henderson. It lost 3.5% net of fees over the course of last year compared to a 2.1% increase in the strategy’s benchmark, the three-month dollar Libor.Similarly, his “total return” strategy – which invests solely in US securities – lost 0.8% in 2018, while its benchmark, the Bloomberg Barclays US Aggregate index, was flat. However, since launch to 31 December 2018 the strategy outperformed by 89 basis points net of fees. Bill Gross’ statementlast_img read more

While many of Danielle Delgado’s peers wanted to become sprinters, she loved jumping over hurdles

first_imgEditor’s note: Prepare yourselves for the spring seasons of Syracuse Athletics with our 2018 season preview series, which will spotlight senior runner Danielle Delgado, next-in-line hurdler David Gilstrap, former freshman tennis standout Miranda Ramirez and Syracuse softball’s sophomore ace, Alexa Romero.Danielle Delgado was never interested in taking the easy route. As an eighth grader in 2010, new to competitive club track and field, Delgado thought the hurdles looked fun and decided to give it a try.By the time she began high school, Delgado had become one of the top hurdlers her age in the country.“Ninety-nine out of 100 kids come in saying they’re sprinters,” Prime Time Track Club head coach Johnny Allen said. “Danielle was the type of young lady who came in, and whatever I asked her to do, she had no problem doing it.”Delgado has translated that mindset to Syracuse University, where she is one of the school’s top hurdlers. Delgado is the only 400-meter hurdler at SU in the last eight years. Additionally, Delgado has competed in eight different events including sprints, hurdles, relays and throwing.AdvertisementThis is placeholder textFor Delgado, track has been the focus since she joined Prime Time Track Club along with some of her neighborhood friends from Somerset, New Jersey. She immediately gravitated toward hurdles. She loved the idea of jumping over them during a race.“She liked hurdles more than running,” her mother Yvette said. “We were all surprised when she said ‘I like this’ and we were all like ‘OK’ thinking it would just last a minute.”Track proved to be Delgado’s calling. By June 2010, just after joining Allen’s track club, Delgado won the 100-meter hurdles in the New Jersey state championship and finished fifth in the 100-meter dash. Weeks later, she finished second in the 100-meter hurdles and seventh in the 100-meter dash at regionals, competing against strong track states such as New Jersey, New York and Pennsylvania.Within two months of joining the team, Delgado was on a plane to Sacramento, California, to compete at the USA Track & Field Junior Outdoor Championships.“That was the most nervous I’ve ever felt in all of my track career,” Delgado said. “I wasn’t eating. I didn’t know what to expect.”She always gets nervous before races, Yvette said, but on a hot, sunny day in central California, Delgado did something she had never done in a race before. She fell.Delgado hung with the pack, but she clipped the last hurdle and tumbled forward. Delgado rose to her feet and completed the race last in her heat, finishing 30th of 33 competitors. After two months of near-perfection, Delgado stumbled on the biggest stage a 13-year-old could compete on. Somber and embarrassed, Delgado angrily trudged back up towards the stands of Hughes Stadium at Sacramento City College.As she made her way up, Allen met his young runner halfway.“This will not be your last nationals,” Allen said to Delgado.Allen let her pass up to the stands where she sat alone, thinking about the race.“I knew she was devastated,” Allen said.She didn’t want to talk about it. Not that day. But the next morning, Delgado and Allen were eating breakfast in their hotel in Sacramento, and Allen repeated his message.“This will not be your last nationals,” he said.After starting high school, Delgado added the 400-meter hurdles to her repertoire and thrived at it. As a high school freshman, Delgado asserted herself early on as a key contributor.At Prime Time Track Club, she competed against other track clubs in the USA Track and Field circuit. But in high school, everything was public and there were more athletes and therefore more competition.Still, at 14 years old, Delgado finished sixth in the 100-meter hurdles in the New Jersey state championship, against 17- and 18-year-olds.“It was kind of eye-opening,” said Dashaun Gourdine, head coach of Franklin High School, where Delgado attended school and ran competitively. “She was going to be something special.”Despite her top-level finish at the state meet, against many runners two or three years older than her, Delgado wanted more. On the bus ride back to Somerset, Gourdine remembered talking to his freshman hurdler. She repeated one message the whole ride.“I know I can do better,” Delgado said.And just one month after her high school state meet, Delgado found herself in familiar territory for Allen’s track club. She captured first place in the 400-meter and 100-meter hurdles in the state meet, and first and second respectively at the regional meet to qualify for nationals in Wichita, Kansas.There, Delgado finished 15th in the nation in the 400-meter hurdles, and 13th in the 100-meter hurdles.Delgado returned to nationals a third straight year in 2012, after completing her first year of high school. There, in Baltimore, she finished 10th in the 100-meter hurdles despite tweaking her hamstring. Avoiding any further issues, Delgado did not run the 400-meter hurdles.In two years, Delgado moved up 20 spots. She solidified herself on the USA Track and Field track circuit, not just as a short-distance hurdler, but also as a 400-meter-hurdler.“If you mention the 400 to 99.9 percent of athletes, they’ll look at you like ‘Oh no. I don’t do that,’” Allen said. “It’s a test of your will. The 400 is a gruesome race. Now you’re talking about doing hurdles. Now you have to be jumping over obstacles. It’s the premier race of track and field.”“Danielle is that quiet storm,” Allen added. “She had an attitude of ‘ I want to succeed. I want to accomplish.”At Franklin, Delgado thought she would focus more on short-distance hurdles, as it was what she enjoyed much more. Gourdine was determined to change that.He started training Delgado in the 400-meter hurdles, despite some pushback on her part. Gourdine convinced her to hop in a race just to try it and see how went. She competed and finished in a very solid time, Gourdine said, but Delgado didn’t want any part of it.“She was like ‘I’m never doing that again,’” Gourdine remembered Delgado saying. “’That hurts. Oh my gosh. You’re crazy coach.’”But he convinced her to stick with it, adding that the 400-meter hurdles would boost her short-distance hurdling. Gourdine even convinced her to quit cheerleading, which she had done since the second grade, in order to run cross country in the fall and get in better shape before track season.“I didn’t think I could run anything longer than a 400,” Delgado said.She did not like cross country, Yvette, said. But it would improve her fitness and help her reach the next level. She swapped pom-poms for five-kilometer races and a weight room, and she began to drastically improve. Her times dropped drastically and she began receiving interest from college coaches.By senior year, Delgado was competing to be the top hurdler in New Jersey, something she had been constantly chasing since she began running in middle school. And that year, that dream looked attainable.But when the Meet of Champions – the New Jersey state championship – came around in May that year, Delgado came up just short.“I had my heart set on that,” Delgado said. “It took four years.”Later that month, Delgado ran the 100-meter hurdles in the Group 4 sectional meet. After coming up short in the state meet, Delgado felt she had everything to prove, but when the gun went off, Delgado found herself immediately at the back of the pack, and still behind at the 50-meter mark.But after clearing the middle hurdle, Delgado surged. She didn’t notice herself passing anyone. She looked straight ahead, not expecting to see her name in first place. When she finished, tired and out of breath, she didn’t think that she won, but everyone else knew she did.She finished the race in a personal-record time of 13.85 seconds. No one else broke 14.“When she crossed the line I was like ‘Woah!,’” Gourdine said. “‘Did she just run what I think she ran?’”Delgado ran to her head coach and gave him a massive hug, crying against his body.“I’ll never forget that race,” Gourdine said. “It was just me and her, after going through four years.”When Delgado arrived at Syracuse three years ago, her focus shifted back to short-distance hurdles. She stopped running the 400-meter hurdles and when that stopped, Delgado didn’t race as well as she once did. It wasn’t until her junior year that she and Syracuse assistant coach Dave Hegland discussed bringing it back into her routine.“She struggled a bit her first year or two in the 100 hurdles,” Hegland said. “So we thought that was an area she could score points in.”And she did just that in the 2017 Outdoor ACC Championships. While Delgado did not score in the 60-meter hurdles at the indoor ACC Championships and in the 100-meter hurdles at the outdoor championships, she placed fourth in the 400-meter hurdles.“I ran, really, in a way that I’ve never ran before,” Delgado said. “Once I got the breath to actually look at the clock, I was in complete shock.”Now, as a senior, Delgado is primed to be one of SU’s key contributors as one of its most diverse talents.In two meets through this indoor season, Delgado finished fourth in the 60-meter hurdles at the Albany Great Dane Invite and first in the same event at the Upstate Challenge in Cornell.Throughout the outdoor season, Delgado will be called upon for hurdles and relays of varying distances. At practices, while many of her teammates are running 200-meter repeats, she will be doing the same, but with hurdles in between.Allen remembers that morning in Sacramento, explaining to his young runner that one bad race was not the end of the world. After all, she’d only been running at a highly competitive level for two months.“To see her come back from that moment in Sacramento,” Allen said, “… she has been to the nationals ever since that day. There has not been a year that she did not qualify for nationals. That’s special.” Comments Published on January 21, 2018 at 10:03 pm Contact Matt: mdliberm@syr.edu Facebook Twitter Google+last_img read more