_800x533_L_1412520412.jpg)
By Jennifer Ablan
NEW YORK (Reuters) - The Janus Global Unconstrained Bond Fund
Last month, Soros Fund Management LLC, which famed investor George Soros chairs, invested $500 million with Gross. The portfolio manager, who built Pimco into one of the largest investment firms in the world, resigned from there on Sept. 26 to join smaller rival Janus.
Overall, Janus Capital Group Inc (N:JNS) posted inflows of $680.3 million in November. Various funds had outflows totaling $596.9 million, with others drawing inflows of $1.3 billion, Morningstar said.
The Janus Global Unconstrained portfolio's assets were $442.9 million as of Oct. 31.
The inflows into Gross' Janus Global Unconstrained Bond Fund in November came as Pacific Investment Management Co posted net outflows of $12.59 billion across its open-ended funds in November. That was down considerably from $48.3 billion of cash withdrawals the previous month, Morningstar data showed.
The majority of last month's Pimco redemptions came from the firm's flagship Total Return Fund, which Gross previous managed.
(Reporting by Jennifer Ablan; Editing by Alden Bentley and Lisa Von Ahn)