Bill Gross now manages the Janus Global Unconstrained Bond Fund.

Oct. 9 (Bloomberg) — Bill Gross, the former manager of the world’s largest bond fund who last month took over a new fund at Janus Capital Group Inc., said investors should say “bye-bye” to the days of double-digit returns.

“The world is slowing down,” Gross said in a conversation today with Janus Chief Executive Officer Dick Weil that was broadcast on the firm’s website. “We’re doing the best of them all,” Gross said of the U.S.,“but frankly it’s not like the old normal, it is the new normal where global growth proceeds at a very slow pace.”

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