(Bloomberg) -- Janus Capital Group has taken a minority stake in LongTail Alpha, a firm founded by an alumnus of Pimco that focuses on investing in volatile market moves. Terms weren't disclosed.

LongTail Alpha, founded by Vineer Bhansali after he left Pimco in December, plans at least two strategies that may be available for clients in separate accounts or funds, the firm said Wednesday in a statement.

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