Janus, a fund shop known for nurturing growth-fund talent, turned to its value-oriented subsidiary, Perkins Investment Management, to co-manage a new fund targeted to risk-averse retiring Baby Boomers.

The fund, called Perkins Value Plus Income Fund (JPVAX), debuted on Thursday. This is the first time Janus has opened a co-managed fund, said spokesperson James Aber. Perkins Value Plus Income will focus on current income with some capital appreciation.

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