MORNINGSTAR: Hundreds Of Billions Of Dollars Could Follow Bill Gross

Shares of $2 billion Janus Capital exploded 42% and PIMCO parent Allianz fell by around 6% after it was announced that Bill Gross would be leaving PIMCO to manage a fund at Janus. "We are placing no-moat Allianz under review while we assess the impact of the announcement," Morningstar's Vincent Lui …