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Friday, January 23, 2009

WSJ Sees Janus' Pain

by: Neil Anderson, Managing Editor

Net income fell 60 percent last quarter Janus. The Denver-based fund firm revealed those results Thursday (see MFWire, 1/22/2009), and on Friday Ian Salisbury highlighted Janus' woes in the Wall Street Journal Fund Track column. The WSJ also points to similar pain at AllianceBernstein and BlackRock.

Salisbury mentions concerns over exchanged-traded notes from Barclays in light of rumors that the British bank might be nationalized. Morningstar's Paul Justice and Efficient Market Advisors' Herb Morgan both land some ink in the column. 

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