Janus is exiting the institutional money market fund business. “Given the meaningful changes to the competitive landscape of the institutional cash management business,” said Janus CEO Gary Black, “Janus believes it is in the best interest of our clients to focus its institutional distribution and investment management resources on its core business of long-term equity and fixed-income investing.”

As a result, Janus stopped accepting investments from new investors in its three institutional money market funds on Jan. 22 and will stop accepting additional investments from existing investors on Feb. 2. The three funds will be liquidated on April 30: the Janus Institutional Money Market Fund, Janus Institutional Government Money Market Fund and the Janus Institutional Cash Management Fund.

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