Janus Twenty Fund manager Ron Sachs must be ruing purchasing nearly 10 million shares in Lehman Brothers, now that the company is either on the brink of collapse or a fire sale, the Rocky Mountain News reports. The stock is down nearly 80% since the beginning of June.


Combined with the Janus Forty Fund, which Sachs also owns, the two funds held more than 15 million shares of Lehman as of the end of June. At that point, among all mutual funds, Janus Twenty had the second-biggest exposure.

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