The bond king is having a rough summer.
Bill Gross’ Janus Henderson Global Unconstrained Bond Fund in June saw its fourth consecutive month of withdrawals, according to a report on Tuesday.
So far this year, the fund has seen $580 million in outflows, or roughly 25 percent of its value — pulling assets down to $1.5 billion, according to the report.
On top of the outflows, the fund plunged 6.3 percent in value in the first half of the year, according to the report from Bloomberg.
That puts Gross’ fund way short of the already weak performance of the Bloomberg Barclays US Aggregate Index, which is down 1.6 percent through June 30, Bloomberg reported.
To be sure, the outflows slowed somewhat in June, with $185 million leaving the fund — down from the $300 million that was said to exit in May.
On May 29, the fund suffered its worst day ever, plunging 3 percent on a failed assumption that the spread between US Treasurys and German bond rates would close.
“That was the basis for the bad day and the bad trade,” Gross said during a June 1 interview with Bloomberg TV.
Janus reps did not respond to requests to comment on the fund’s performance.
Gross’ reported weak investment performance comes amid a particularly challenging time for the California moneyman.
Gross is still embroiled in a contentious battle with his ex-wife, Sue.
Last month, the former-Mrs. Gross filed a temporary restraining order against her ex, claiming he employed an “army of spies” to conduct “nonstop monitoring” of her and her relatives.
Bill Gross got revenge on ex-wife with fart spray: court papers
Sue Gross, in court papers, also alleged that her former mate used malodorous sprays to leave their former marital home a reeking mess.
The 13,819-square-foot Laguna Beach compound was left “in a state of utter chaos and disrepair,” court papers filed in a Los Angeles state court claim.
Empty spray bottles with labels indicating foul smells were found in the garbage at the house and dead fish were stuffed in the air vents, Sue Gross alleged.
A source close to Bill Gross denied the house was left in disarray.
A court hearing on the TRO is expected later this summer.
Reps for Gross did not respond to requests for comment.
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