The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Highfields Trims Janus Stake Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, February 15, 2006

Highfields Trims Janus Stake

by: Armie Margaret Lee

Highfields Capital Management has narrowed its stake in Janus Capital Group. The Boston-based hedge fund firm has sold about 7.6 million shares, according to a regulatory filing.

Highfields typically follows a strategy of investing in what it feels are poorly performing companies and lobbying for changes that would increase the value of its stake.

The sale left Highfields with 14.4 million shares as of December 31, down from 22 million as of September 30.

Other large investors have reduced their holdings. Fidelity Investments trimmed its stake to 9.4 percent from 10.9 percent, according to a filing.

Janus' largest shareholder, Ariel Capital Management, said in a filing it sold about 1.3 million shares. It now owns 31 million shares, or 14.5 percent of the Denver-based asset manager. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use