Janus Capital has just named portfolio managers for its high-yield portfolios and its growth and income funds.
The Denver investment management company named Minyoung Sohn to run its growth and income funds and Gibson Smith to manage its high-yield portfolios. Sohn, who has worked five years for Janus, succeeds David Corkins, who will continue to manage the Janus Mercury Fund, the company said. Smith, who has worked at Janus since 2001, succeeds Michael Buchanan, who is leaving the company to return to New York.
Buchanan's decision to leave the company was unrelated to the scrutiny Janus has gotten since it was named Sept. 3 in New York Attorney General Eliot Spitzer's probe of mutual fund trading practices, the company said. It has not been charged, but it has had $5.4 billion of net stock and bond fund outflows since Aug. 31, according to Financial Research Corp. Its assets under management had declined to $149.8 billion by Nov. 30.