Bill Gross Says Market Risk Is Highest Since Pre-2008 Crisis
- Bond investor says asset prices too high for risk-taking
- Gross’s unconstrained bond fund has outperformed 22% of peers
Bill Gross, fund Manager at Janus Henderson Group Plc, explains the level of risk he sees in the current market environment. He speaks with Bloomberg's Erik Schatzker at the Bloomberg Invest New York summit. (Source: Bloomberg)
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U.S. markets are at their highest risk levels since before the 2008 financial crisis because investors are paying a high price for the chances they’re taking, according to Bill Gross, manager of the $2 billion Janus Henderson Global Unconstrained Bond Fund.
“Instead of buying low and selling high, you’re buying high and crossing your fingers,” Gross, 73, said Wednesday at the Bloomberg Invest New York summit.