Janus Capital CEO Gary Black, has bought almost $1.5 million of the company's stock in the open market last Friday, the Associated Press reports. He purchased 75,000 shares at $19.75 a piece.

"This was an open market transaction, and clearly reflects Mr. Black's confidence in the firm," said Janus spokesperson Shelley Peterson.

Analyst Mark Lane of William Blair & Co., called the move a "pretty strong statement."

The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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