Battered mutual fund giant Janus Capital Group said in a filing with the Securities and Exchange Commission Monday that it has reopened its Janus Overseas fund.

The struggling foreign stock fund has taken a beating during the three-year bear market and has suffered redemptions following the retirement of long-time portfolio manager Helen Young Hayes. The portfolio currently holds roughly $2.9 billion in assets under management, down from $4.2 billion when it shut its doors in April 1998.

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