Bill Gross' New Fund Sees November Inflows At $770 Million

Morningstar reported Monday that "investors poured $770 million into Bill Gross's new mutual fund at Janus Capital Group Inc. JNS in November, pushing the fund past $1 billion of assets under management," according to Dow Jones.

The news follows a report from November that Gross is also managing assets for George Soros.

Dow Jones also reported that the "pace of monthly inflows was the highest since Mr. Gross took over the fund after his Sept. 26 departure from Pacific Investment Management Co., the money manager he co-founded."

The Morningstar data indicated that since Gross arrived at Janus, the the Janus Global Unconstrained Bond fund has grown from approximately $12 million in assets under management to $1.2 billion as of the end of November.

Janus Capital Group recently traded at $15.82, up 2 percent.