investing.com - When someone like Bill Gross calls the arrival of a bear market in bonds, investors should listen.
The so-called "bond king" has been a one-of-a-kind player in fixed income investing for four decades.
He is best known for his long run as chief investment officer at Pimco, the California based, investment management firm he founded in 1971.
During that time he managed the Pimco Total Return Fund, a massive open end, fixed-income mutual fund that routinely outperformed the market.
Gross was named fixed income manager of the decade in 2010 by research firm Morningstar.
Gross left PIMCO under acrimonious circumstances in 2014 and is now with Janus Henderson, where he runs the Global Unconstrained Bond fund.
Gross' background is a bit unusual for Wall Street. Before earning his MBA in business, he studied psychology. He also spent some time as a blackjack player in Las Vegas, which he says gave him a sense of risk.