Behind what may be the worst annual performance of Bill Gross' tenure as a bond fund manager is...

|By:, SA News Editor

Behind what may be the worst annual performance of Bill Gross' tenure as a bond fund manager is his bet that Treasury prices would fall - an odd play for a man who made a career investing in government paper. "The most exciting returns are to be had from an asset class where those who know it best love it least." TLT +27% YTD.