While the stated reason for Stilwell Financial's decision to buy back Janus employee stock was to redistribute equity within the company and offer existing managers some liquidity, the company's actual motives are a subject of speculation among industry observers.

Stilwell Financial of Kansas City, Mo. announced Feb. 21 a plan that will make it easier for employees at Janus Capital of Denver to sell their company stock to the parent company. Stilwell will purchase 197,000 shares of Janus common stock, valued at

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.