Bill Gross, in his first interview since quitting asset manager Pimco, told Barron's magazine he was "uniquely exuberant" about giving up management responsibilities and was excited to get back to his investment roots.
"Managing money is in my blood," Gross, who is the co-founder of Pacific Investment Management Co., told Barron's this weekend. "I like to get up at 5:30 in the morning and make money for clients and compete against other money managers. That's something that doesn't go away. I am obsessed with delivering value to investors and winning the game from a personal standpoint. Retiring at this point in my career just doesn't suit me."
Gross, the bond market's most renowned investor, quit Pimco for distant rival Janus Capital Group Inc on Sept. 26, the day before he was expected to be fired from the huge Newport Beach, Calif. investment firm he co-founded more than 40 years ago. Pimco is a unit of Germany's Allianz SE.
Gross, 70, had been clashing with the firm's executive committee and had threatened to resign multiple times, a source familiar with the situation said.
"I was always an investment guy, and the other stuff: hiring, paying people, planning, and so on, became a problem for me," he told Barron's. "I am uniquely exuberant about clearing all that stuff off my dish."