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Rating:A 'Whew' Moment for Janus

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Tuesday, March 25, 2008

A 'Whew' Moment for Janus

by: Armie Margaret Lee

In Tuesday's Wall Street Journal Fund Track column, Joseph Checkler focused on Janus' unloading of its Bear Stearns holdings earlier this year, before the New York company's meltdown. Although Janus took a hit, since it bought most of the Bear shares back in 2006 and 2007 when Bear' s stock was trading north of $100, the Denver-based fund firm fared better compared to other Bear shareholders such as Van Kampen Asset Management.

The Fund Track column also covered Monday's launch of Morningstar's managed account portfolios that use ETFs as underlying investments.  

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