Janus will reopen four of its funds, including the flagship Janus Fund, which has declined nearly 27% year to date; the Janus Worldwide Fund, which has posted a negative return of 25.6%; the Janus Global Technology Fund, negative 38.6%; and the Janus Global Life Sciences Fund, down nearly 30%.
In addition, Janus expects to merge several of its funds on Feb. 28. Also in February, the firm will change the name of the Janus Strategic Value Fund to the Janus Special Equity Fund. Janus 2, down 31.8% for the year, and Janus Special Situations Fund, down 27.5%, meanwhile, will close to new investors.
Today, Janus has about $130 billion under management, down from $300 billion in its heyday.