Home ListingApril 4, 2016

Bill Gross’ New Boss

Enrique Chang's promotion to president and head of investments brings fixed income, equities, and alternatives primarily under his leadership.

Reported by Featured Author

Enrique Chang, Head of Investments, JanusJanus Capital has a new investment chief: Enrique Chang, formerly CIO of equities and asset allocation.

The Denver, Colorado-based asset manager promoted Chang to president and head of investments, effective April 1.

Chang now oversees Janus’ fixed-income teams, the firm said, in addition to the equities and asset allocation groups.

PIMCO founder Bill Gross joined Janus in 2014 as the lead portfolio manager for a new global unconstrained bond fund.

Gross’ fund contributed $1.3 billion to the $192 billion Janus Capital Group managed across its three brands (Janus, Intech, and Perkins Investment Management) at the end of 2015, according to firm figures.

Chang joined Janus in September 2013—a year prior to Gross’ high-profile arrival—from mutual-fund competitor American Century Investments.

Janus’ company-wide assets under management have grown by roughly $35 billion since Chang’s hiring two-and-a-half years ago.

In the new role, he “will partner with CEO Dick Weil and President Bruce Koepfgen,” Janus said in the announcement.

Weil praised Chang’s “significant contributions to the firm” since arriving in 2014, and predicted he will “play an important role” in the firm’s strategy as investment chief.

Note: An earlier version of this story indicated that Bill Gross reports to Chang, due to an oversight in the original announcement. Gross reports to Weil.