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Gross to manage $500m for Soros

Soros Fund Management has invested the money in a a strategy run by Bill Gross at Janus Capital Group

Bill Gross is getting a boost from George Soros.

Soros Fund Management has invested $500 million in a strategy run by Gross at Janus Capital Group. The money will be managed through a private investment vehicle named Quantum Partners, according to a Janus news release Thursday.

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