Finanzas

Pimco founder Bill Gross quits the firm he founded to join Janus
Capital
At Janus, Gross will manage the recently launched Global Unconstrained Bond
fund and related strategies.
Bill Gross, who co-founded Pacific Investment Management, or Pimco, in 1971,
will leave his own firm to join competitor Janus Capital.
Dubbed the Bond King (a moniker he acquired after Fortune ran this feature
in the March 4, 2002, issue), Gross served as the firms chief investment officer
and managed the Pimco Total Return fund one of the worlds largest bond
funds with more than $1.9 trillion in securities, according to the companys
website.
The news was a surprise to many on Wall Street. The fund has not done well for
years, though, and lately has been plagued by huge outflows. CNBC reported
Friday that Gross was about to be fired for increasingly erratic behavior,
citing unnamed sources.
Pimco is considering Daniel Ivascyn to take over the CIO role vacated by Gross,
according to a Bloomberg News report. German insurer Allianz, Pimcos parent
company, said this morning that it will announce a successor within the next
several hours.
At Janus, Gross will manage the recently launched Global Unconstrained Bond
fund and related strategies. He will work in partnership with Myron Scholes and
other members of the global asset allocation team. Shares of Janus JNS
43.02% surged as much as 40% following news that Gross would join the firm.
He will begin managing the fund on Oct. 6 out of a newly established Janus
office in Newport Beach, Calif.
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, Gross said in a statement. I chose Janus as my
next home because of my long standing relationship with an drespect for CEO
Dick Weil and my desire to get back to spending the bulk of my day managing
clients.
Weil and Gross worked together previously at Pimco from 1996 to 2010 when
Weil left his role as chief operating officer to take over the top spot at Janus.
The move to Janus follows a tumultuous year and a half for Pimco. Gross coCIO Mohamed El-Erian left the firm in May of last year in a move that stunned

the finance world. There were reports that El-Erian left because of personal
issues with Gross, and Gross later told Reuters that his deputy tried to
undermine him. El-Erian will not return to Pimco to replace Gross, sources
told Bloombergs Betty Liu.
Gross exit also comes in the middle of an investigation by the Securities and
Exchange commission into possible fraud associated with his Pimco Total
Return ETF.
Gross had also met with other firms, including DoubleLine Capitals Jeffrey
Gundlach. The leader of Pimcos rival met last week to discuss working
together, but Gundlach told Reuters that he was never going to be the coguy.'
Janus shares soared this morning following the announcement that Gross will
join the firm. Its stock was up more than 33% as of mid-day Friday, a much
needed boost after the companys stock struggled this year following the firms
own internal management upheaval.
Even with the baggage that Gross brings with him from the turmoil that has
surrounded Pimco over the past year or so, wrote Morningstar analyst
Greggory Warren. We see the move as a likely positive for Janus Capital Group
Shareholders.

Musica

Taylor Swift, Metallica, No Doubt Bring Rock in Rio to U.S.

Linkin Park, John Legend and the Deftones also on the lineup for
festival's stateside launch in Las Vegas
Rock in Rio is touching down in the United States for the first time in 2015, with
Taylor Swift, Metallica, Linkin Park and No Doubt set to take the main stage at
the festival in Las Vegas over two weekends in May. While the full lineup has
not yet been released, Rock in Rio also announced that John Legend and the
Deftones will be performing on the Sunset Stage.
The event is set for May 8th-9th and May 15th-16th at the MGM Resorts
Festival Grounds, where the festival organizers are working with Cirque du
Soleil to build a permanent open-air "City of Rock" venue with six stages spread
out over 37 acres on the Strip. The festival grounds will also include a zipline
and three themed "Rock Streets" built around the culture and music of the U.S.,
the U.K. and Brazil.

The U.S. launch of Rock in Rio is timed to coincide with the 30th anniversary of
the massive festival, which launched in Rio de Janeiro in 1985 with a lineup that
included Queen, AC/DC, Rod Stewart and Iron Maiden, and later expanded to
host events in Spain and Portugal. Festival organizers announced the Las Vegas
lineup on Friday night with an event at New York's Times Square featuring
performances by Rock in Rio vets John Mayer and Sepultura with Les Tambours
Du Bronx, as well as a brief appearance by No Doubt.
With their performance in Las Vegas, Metallica will mark their 7th appearance
at Rock in Rio, while Taylor Swift is making her debut at the festival. The next
Brazilian edition, set for September 2015, will feature Katy Perry and John
Legend.

Cultura General

Teens Invention to Help Injured Veterans

An electronics whiz uses his robotics knowledge to make life a little
easier for returning veterans.
Joseph Anand, 15, is an electronics whiz with a heart of gold. When the Akron,
Ohio, thenninth grader read news reports about injured veterans returning
from Afghanistan, he immediately thought he could use his robotics knowledge
to make their lives at home a little easier. I want to be an Air Force pilot,
Joseph says. So it felt good to think that I could help the military in some small
way.
The teen turned his familys living room into a workshop and took a year to
create a motorized pulley system that can be calibrated by a physical therapist
to help soldiers exercise. The device also has a built-in sensor that monitors
and adjusts weights to provide the right amount of resistance.
Josephs father, Vijay, an electrical engineer, offered technical assistance, and a
University of Akron computer science professor taught the youngster software
coding. Joseph tested the prototype on a giant teddy bear.
In September 2013, Joseph demonstrated his device at the World Maker Faire
New York, a gathering of amateur inventors. Now hes putting on the final
touches and has filed for a patent. His goal is to have the device approved for
official testing at veterans hospitals, but first hes turning his attention to his
studies. I have high school to finish and college to start, so it might take a
year or two to test the device in real life, says Joseph.
Regardless of the timeline, giving back will always be part of Josephs life, he
says. My parents taught me that if youre blessed with a talent, you use it to
help others.

Deportes

Chicharito, James Rodriguez score startlingly similar strikes in 8-2

slaughter
James Rodriguez and Javier "Chicharito" Hernandez each scored their first goals
in La Liga in stunning fashion, relegating a Cristiano Ronaldo hat trick to a
second-tier storyline in Real Madrid's 8-2 win over Deportivo La Coruna.

Cientifica

How Gorilla Poop Could Help Stop Ebola

A new way of tracking the deadly virus that's spreading through West
Africa
Police drove through Kroo Bay this morning, past the open sewers and snuffling
pigs, yelling at people to go insidelargely to no avail. All the 14,000 residents
of the shanty town in Freeport, Sierra Leone, had been ordered to stay indoors
for three days, to try to stop the spread of Ebola.
Sierra Leones attempted lockdown is unprecedented: The whole country has
been placed on house arrest and 20,000 volunteers have been recruited to help
identify suspected Ebola carriers. Some of the things we are asking you to do
are difficult, but life is better than these difficulties, President Ernest Bai
Koroma said.
Nothing about controlling the spread of the virus has come easy. Yesterday, the
bodies of eight people, part of a delegation of health officials and journalists,
were found in a remote village in Guinea, apparently killed by people throwing
rocks. Health workers around the region, including in Liberia and Sierra Leone,
have been physically threatened by misinformed people who fear they are
actually spreading the disease. In the midst of this widespread panic, the World
Health Organization reports that more than 700 new cases were recorded this
week; despite all efforts, the outbreak is still growing.
But a rare spot of good news came in the form of a diagnostic test that may
help prevent future epidemics. Dr. William Karesh, Executive Vice President for
Health and Policy at EcoHealth Alliance and a wildlife veterinarian who has
studied Ebola in great apes for years, has discovered a method of detecting
Ebola antibodies in feces. Up till now, detection methods in the wild relied on
collecting blood or tissue from infected apes, one of the animal reservoirs for
the disease. (The direct introduction to humans in this current outbreak is
suspected to have come from fruit bats, not apes.) Since collecting poop is
much easier than taking blood samples or carting carcasses out of the jungle,

this technique can help scientists canvas larger areas and more accurately
pinpoint hotspots likely to be at risk for future outbreaks.
Gorillas are actually even more susceptible to Ebola than humans, with a
mortality rate approaching 95 percent. Over the last twenty years, Ebola
outbreaks in apes have decimated populations; Karesh estimates some 25
percent of wild apes in the Congo have been killed by the virus. Karesh hopes
his technique will help scientists detect Ebola in apes sooner.
This could help scientists better target susceptible populations for possible
future vaccination campaigns. That day might not be too far away: although no
vaccine currently exists, orphan vaccines, originally developed for people but
abandoned during the lengthy licensing process (this can happen for many
reasons, including the discovery of harmful side effects) may protect apes
against the virus. A study published in PNAS this spring suggests that one such
vaccine, developed by the biotech company Integrated Biotherapeutics,
prevents mice from developing the disease.
As Karesh says, "everything is linked to animals." If gorilla poop can create a
road map for understanding how Ebola spreads, both vulnerable species and
the human populations who surround them will benefit.