For the first time since the bear market of 2000-2002 and the mutual fund trading scandal that so tarnished its image, Janus Capital appears to be rising out of “purgatory,” Kiplinger’s Personal Finance reports.

Investors have stopped their massive net withdrawals, apparently buoyed by improved performance and a change in leadership. Since 2004, three-quarters of Janus’s funds rank in the top 30% of their peers. Whereas net withdrawals were $29 billion in 2004, $16 billion in 2005 and $10 billion in 2006, Janus expects modest inflows this year.

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.