Janus Capital, the fund manager where ‘Bond King’ Bill Gross settled after leaving PIMCO, is buying Kapstream Capital, the Australian active bond fund co-founded by Kumar Palghat and Nick Maroutsos. The relationship with Gross is said to go back a long way when Palghat worked at PIMCO a decade ago and will see Palghat co-manage the global unconstrained fund with Mr Gross. The deal is said to be for 51%...