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

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

Rating:M* Worries Over Janus' Revolving Door Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 01, 2013

M* Worries Over Janus' Revolving Door

News summary by MFWire's editors

Can Janus right itself, after a recent spate of PM defections?

Morningstar analyst Bridget Hughes apparently believes that the fund firm needs to do at least something.

In a Morningstarnote about Janus Capital Management [profile], Hughes dropped Janus' stewardship rating, from B to C, and the parent rating, from positive to neutral.

The ratings changes come after a recent spate of manager defections, which Hughes argues, "raise concerns about Janus' ability to keep investment strength in-house for the long term. It also raises questions about Janus' succession planning and is consistent with the revolving door to the CEO office since Janus' founder Tom Bailey left the firm in 2002."

The departures in question include those of Ron Sachs, who had been at the firm since 1996 left in May, along with Brian Schaub and Chad Meade. Schaub and Mede joined in 2000 and 2001, and managed Janus Triton and Janus Venture, which Hughes described as "bright spots" in the equity fund line.

On top of the PM departures, five CEOs have occupied Janus' office since Janus founder Tom Bailey left in 2002, Hughes wrote. Overall, the turnover makes Janus' identity less clear and drains it of its most talented people. Its fixed-income team, however, has shown some strength and continue to do good credit research.

To read more, click here

Edited by: Casey Quinlan

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

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
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