Gross Sees `Much Less' Alpha in Era of QE

The video discusses the challenges in the bond market, particularly the difficulty in generating alpha as in the past. Insights from the Super Return conference highlight the confidence of private equity in maintaining returns. An interview with Bill Gross reflects on his career and the evolution of the market, emphasizing the increased difficulty in making money. The discussion also touches on the challenges of managing an unconstrained fund, suggesting that some constraints might be beneficial.

What does Bill Gross imply about the understanding of bonds in the past compared to now?

What point does Bill Gross make about constraints in fund management?