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Tuesday, February 19, 2013

Weil Puts His Flag Down

News summary by MFWire's editors

Dick Weil is betting on alternatives. Yet Brendan Conway worries that the Janus [profile] CEO's big gamble may be "too little, too late."

The Barron's "Focus on Funds" columnist recently interviewed Weil in the wake of the December launch of Janus' first alternatives mutual fund, the Janus Diversified Alternatives Fund.

"I'm putting my flag down," Weil told Barron's. "You don't get to make that many bets as CEO.

Barron's highlights Weil's efforts to increase Janus' fixed income presence, to 17 percent of assets under management at the end of 2012, and wonders if a single promising mutual fund is really "a turnaround strategy for Janus."

"The recent tidal wave of equity-fund flows buys most mutual-fund operators, including Janus, some time," Barron's writes. "Maybe a lot of time." 

Edited by: Neil Anderson, Managing Editor

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