Gross, who is the manager of the Janus Global Unconstrained Bond Fund
The 71-year-old portfolio manager said he sees investment opportunities in merger arbitrage situations, such as Berkshire Hathaway's (>> Berkshire Hathaway Inc.) acquisition of Precision Castparts last year or Anheuser Busch InBev's (>> Anheuser-Busch Interbrew) planned acquisition of rival SABMiller (>> SABMiller plc).
Additionally, Gross said he likes closed-end funds such as the Nuveen Preferred Income Opportunities Fund (>> Nuveen Preferred Income Opportunities Fd) and the Duff & Phelps Global Utility Income Fund (>> Duff & Phelps Global Utility Dividend Fd).
(Reporting By Jessica Toonkel; Editing by Alan Crosby)