Janus Capital appears to be turning the corner, but just barely, according to Rocky Mountain News. Flows to its flagship funds are weak and earlier this year, three key executives—the chief financial officer, general counsel and institutional sales chief—left. In the past year and a half, half of the portfolio managers have left, too.
The good news is that flows to its key stock and bond funds are at least in positive territory, for the first time in six years, and six of Janus’ equity funds are in the top decile of their peers over the past one, three and five years.
The company “has made enormous strides” and its CEO Gary Black has “made some tough decisions” to accomplish this, said Jeff Keil, head of fund consulting firm Keil Fiduciary Strategies.
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.