Tom Baily, who founded mutual fund giant Janus in 1969, will step down as president and CEO of the company July 1, the firm said today.

Baily will continue his duties as chairman of the board of trustees that oversees the Janus funds and will continue to review the firm’s fund performance, the company said.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.