The upper-management shuffle at Janus Capital continued on Tuesday, as veteran portfolio manager Karen L. Reidy will move from the helm of the Janus Balanced Fund and into a strategic capacity for Janus CEO Steve Scheid.

Marc Pinto and Gibson Smith will assume co-management of the Janus Balanced Fund. Pinto brings 20 years of investment management experience, and Smith most recently served as head of the Denver firm's $6 billion fixed income department.

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