According to Reuters he is the man who made bond investing sort of sexy - and now he may pay the price.
Over more than three decades, Bill Gross, co-founder of asset-management giant PIMCO, has made so much money for clients that he has become the barometer by which other bond traders are judged. His West Coast perch, prescient calls on the U.S. economy and devotion to yoga only added to the mystique. But the very recipe that enabled Gross to dominate his industry may now be conspiring against him.
He's coming off his worst year in the business after making a huge bet against U.S. Treasuries that backfired. Last year, for the first time in nearly two decades, investors pulled more money out of PIMCO's flagship fund than they put in…
Grab a hankie and read onat http://www.reuters.com/article/2012/02/09/us-pimco-gross-idUSTRE8180VX20120209
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