Bill Gross—founder, managing director and chief investment officer of Pacific Investment Management Company (PIMCO)—is leaving after 43 years with the firm.

He will join Janus Capital Group on Monday.

Gross will manage a recently launched Janus Global Unconstrained Bond Fund and related strategies, and will join Myron Scholes and other members of the Janus team focused on global asset allocation.

He will be based in a new Janus office to be established in Newport Beach, Calif. and be responsible for building-out the firm’s efforts in global macro fixed income strategies.

“I look forward to returning my full focus to the fixed income markets and investing, giving up many of the complexities that go with managing a large, complicated organization,” says Gross.

For more industry moves, check out People Watch.

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