Discuss the significance of Bill Gross's reputation in the bond market.
Pimcos Bill Gross to Join Janus Capital
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Bill Gross, a prominent figure in the bond market, is leaving PIMCO to join Janus Capital. This move has caused significant market reactions, with Janus shares rising and Allianz shares falling. Gross aims to return to managing client assets, aligning with his career focus. His departure raises questions about PIMCO's future leadership, with speculations on potential successors.
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What challenges did Bill Gross face during his time at PIMCO?
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