Likewise, his former firm was complimentary of Gross.

“Bill Gross was a pioneer of active bond management who had an enormous influence on PIMCO’s investment process, client returns and the careers of the firm’s talented portfolio management team. We wish him well in retirement,” Pimco said in a statement.

After leaving Pimco, Gross went on to manage the Janus Henderson Global Unconstrained Fund. However, the fund is down 4.9 percent within the past year.

Gross will now turn his attention to the William, Jeff and Jennifer Gross Family Foundation–a $390 million charity with donations amounting to more than $21.4 million allocated to various causes in 2018.

“”I look forward to continuing to work with my son Jeff and daughter Jennifer in identifying and supporting worthy and important causes that are creating better lives locally and around the world,” Gross said.

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