Building Upon Gross' Arrival, Janus Snaps Up VelocityShares

Janus Capital Group, the traditional mutual fund provider that hired Bill Gross from PIMCO several weeks ago, has jumped headfirst into the active ETF market with the acquisition of VelocityShares for at least $30 million. VelocityShares had raised approximately $2 billion in assets across 21 investment products through the end of September.  For more information, click here.