What Caused Bill Gross to Leave Pimco for Janus?

The transcript discusses Bill Gross's dissatisfaction at PIMCO due to his shift from investing to management duties, leading to his departure. PIMCO had been planning for this change, promoting new chief investment officers to ensure succession. Gross's move to Janice to manage the unconstrained bond fund is highlighted, along with Janice's efforts to strengthen its fixed income business.

What was the significance of Mohammed El Erian's departure in relation to Bill Gross?

What challenges did Janice face in managing the fixed income business?