Janus, a fund shop known for nurturing growth-fund talent, turned to its value-oriented subsidiary, Perkins Investment Management, to co-manage a new fund targeted to risk-averse retiring baby boomers.

The fund, called Perkins Value Plus Income Fund (JPVAX), debuted on Thursday. This is the first time Janus has opened a co-managed fund, said spokesperson James Aber. Perkins Value Plus Income will focus on current income with some capital appreciation.

The fund will be roughly 50% equities and 50% bonds, with the bond portion managed by longtime Janus manager Gibson Smith, who is co-chief investment officer, fixed income, of Janus Capital Management, and Darrell Watters. The equity side will be managed by Jeff Kautz, Perkins’ chief investment officer, and Ted Thome, using the firm’s value methodology plus an income screen. Allocations can shift, but not much—to about 60/40, overweighting either stocks or bonds. “The key to this fund is downside protection,” Aber said. “The hope is that the fund will hold up in volatile markets.”

Marion Asnes became the editor of Financial Planning magazine in 2005. Financial Planning is the leading professional magazine for independent financial planners and has a circulation of 115,000. The topics covered on its pages range from industry news and trends to sophisticated discussions of portfolio management, estate planning and philanthropy. Asnes is the first female editor in chief of Financial Planning in the magazine's 38-year history.

Before joining Financial Planning, Asnes was a senior editor at Money, participating in the magazine’s coverage of personal finance, retirement, investment and health care issues. Her areas of expertise included retirement and 401(k) planning, asset allocation, estate planning and the particular financial challenges faced by women. In addition to her regular editorial duties at Money, Asnes co-edited Money for Women, an annual special issue that was featured exclusively on “The Today Show” on NBC.

A 27-year service journalism veteran, Asnes has contributed to a long list of national publications including Vogue, Elle, Glamour, Good Housekeeping, More, Mirabella, Working Woman and Lear's. She has spoken at conferences and symposia ranging from the National Endowment for Financial Education’s Retirement Summit to the National Football League’s Rookie Symposium. In addition, Asnes has appeared on national television programs as an expert on financial and economic topics including CNN, CNN Headline News, NBC's Today, ABC's 20/20, PBS's NewsHour with Jim Lehrer and Fox News' The O'Reilly Factor.

Asnes graduated with a B.A. from Cornell University.