I

nvestors keep money from Bill bond fund.

The Janus Henderson Global Unconstrained Bond Fund suffered about $60 million of redemptions in December, according to Bloomberg estimates. That lowered assets to $950.4 million from February’s all-time high of $2.24 billion.

Investors have pulled money for 10 consecutive months since the February peak, in part amid misplaced bets that rates on US Treasuries and German bunds would converge, a position it later scaled back. Gross piled up about 4 per cent loss last year, underperforming more than 80 per cent of peers, according to data compiled by Bloomberg.

A spokesperson for Janus Henderson Group Plc could not immediately be reached for comment via email outside of office hours.

Gross, 74, took over the unconstrained fund in October 2014 after being ousted from Pacific Investment Management Co., where he managed the world’s onetime largest mutual fund, Pimco Total Return. Last year’s slump was one of the toughest in his storied career pulling Gross’s Janus Henderson Bond Fund’s asset value in February last year Number of peers Gross underperformed last year with a 4% loss