In a perilous time for Janus Capital Group, the news is not improving. The company indicated that one of its clients plans to withdraw $5 billion by the end of 2004, a figure that represents a huge chunk – 3.7% – of the company’s assets under management, according to Reuters.

For the fledgling fund giant, which settled its improper trading charges three months ago, bad news trickled into the executive office, as well. Executive Vice President of Institutional Services Lars Soderberg has decided to resign after a leave of absence.

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