Janus Capital Group 's September hire of bond-fund manager Bill Gross has given the firm's assets under management, share price and reputation an immediate boost. But the gambit's success in 2015 and beyond will depend on Mr. Gross generating the kind of returns that made his name in the first place.


Under Mr. Weil's leadership, Janus has diversified its offerings, but many investors have continued to associate the company with the end of the stock-fund heyday. Until now--or so Janus hopes.

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