Hedge Funds

Soros fund to end investment with Bill Gross: Report

George Soros speaking at the 2015 CGI Annual Meeting in New York.
Adam Jeffery | CNBC

Billionaire investor George Soros has yanked his roughly $500 million investment with "bond king" Bill Gross, The Wall Street Journal reported on Monday.

Gross left Pimco in 2014 for Janus Capital, but has been struggling with outflows from his Janus Global Unconstrained Bond Fund.

"The money invested by Soros Fund Management was held in a separate, institutional account that followed a similar strategy as Mr. Gross's mutual fund," the Journal said.

While Bill Gross still primarily is allocated to the U.S. bond market, he warned investors at year-end that he views "the current environment with caution."
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Last month, Gross announced that he was suing Pimco for the damage his reputation suffered after his expulsion from the firm.

A Janus spokesperson told CNBC that the firm declined to comment.

Read the full coverage at The Wall Street Journal.