Janus bond fund manager Sandy Refenacht is quitting the firm, becoming one of the latest in a string of people to leave the firm, Reuters reports. He reportedly is going to start his own investment company focusing on high-yield bonds. He had managed the Janus High-Yield Fund and the Janus Short-Term Bond Fund. Combined, the funds have $1.5 billion in assets.
Beginning this Monday, Michael Buchanan will take over the high-yield fund, and Gibson Smith will oversee the short-term bond fund. Refenacht is leaving July 18, Janus said.
Earlier this year, Janus money management veterans Helen Young Hayes and Warren Lammert left the firm.