Janus has best day in its history as Gross joins ranks

NEW YORK (Reuters) - Shares of Janus Capital soared on Friday, with the stock on track for its best one-day advance in its history, after Janus said famed bond investor Bill Gross would join the company.

The stock surged 33 percent to $14.79 on volume of 79.6 million shares, many times its 50-day average of 2.3 million and making for the most active day in the stock's history. With the day's advance, Janus shares moved to their highest level in more than four years.

Gross's move came as a surprise. A source familiar with the matter told Reuters that the development came a day before Pimco and its parent, German insurer Allianz SE , planned to dismiss Gross.

The Pimco High Income Fund fell 6.8 percent to $11.60 on heavy volume, while the Pimco Total Return ETF was down 0.3 percent to $108.64.

(Editing by Nick Zieminski)

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