Janus Capital announced three high-profile investment management appointments Tuesday, naming two executives as co-chief investment officers, new positions at the firm, and a new skipper for its flagship Janus Fund.
Jonathan Coleman, manager of the Janus Enterprise Fund, and David Decker, manager of the Janus Contrarian Fund, have been given expanded roles in that they have been named co-chief investment officers. Coleman will oversee equity growth portfolios, while Decker will manage core portfolios. Coleman and Decker have been with the firm for 11 and 13 years, respectively.
Blaine Rollins, portfolio manager of the Janus Fund, has been replaced by David Corkins, who previously managed the Janus Mercury Fund. Rollins managed the fund since 2000 and has now been reassigned to small- and mid-cap fund Janus Triton.
Dan McNeela, an analyst with Morningstar, told Dow Jones he thinks the changes are positive moves for Janus. "I think David Corkins is arguably Janus' best manager. He has done well on a relative basis in both bear markets and bull markets," McNeela said. "The Janus Fund needed a change."
Gareth Lyons, another analyst with Morningstar, said he thought the new co-CIOs would make a good team, as Coleman is known for being good with people and Decker is said to have a good head for picking stocks.
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