[2016-10-06] bitcoin might lead to an alternative to financial system

Bill Gross says bitcoin might lead to an alternative to the current financial system

Bill Gross recently shared his thoughts about bitcoin and blockchain. As Portfolio Manager of the Janus Global Unconstrained Bond strategy, Gross is responsible for responsible US$1.54 billion in assets.

Gross has had a long and successful career in financial markets. He co-founded Pacific Investment Management (PIMCO) in 1971 and went on to run what would become the world’s largest bond fund, PIMCO’s Total Return Fund, which had US$270 billion in assets. He left the position to join Janus in September 2014.

The finance titan has received numerous achievement awards such as Morningstar Fixed Income Manager of the Decade for 2000-2009 and Fixed-Income Manager of the Year for 1998, 2000 and 2007. He was also the first portfolio manager inducted into the Fixed Income Analysts Society’s Hall of Fame. Institutional Investor magazine awarded him the Money Management Lifetime Achievement Award in 2011. In addition, he authored two popular books on investing.
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