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Rating:Six Stock Analysts Say Janus Is Down On Its Luck  Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, September 16, 2013

Six Stock Analysts Say Janus Is Down On Its Luck

News summary by MFWire's editors

Like the long graduated ex-captain of the football team revives his glory days at the local bar, Janus [profile] tries to stay in the game.

Financial Times' Ellen Kelleher writes that six Wall Street analysts are calling for investors to sell its stock, concerned that its sure price will fall further. Janus has lost more than $7 billion in its equity funds and more than $2 billion from its flagship, Kelleher writes, since the beginning of 2013 and the end of July.

Janus' assistant treasurer and director of investor relations, John Groneman, was quoted as saying to Kelleher that bearish analysts are taking a one-sided view and not considering that new managers have joined the company.

For example, Hiroshi Yoh is overseeing the Janus' Asia Equity Fund and Emerging Markets Fund and George Maris is in charge of Janus Global Select. Dan Kozlowski is also a new hire, working as manager of Janus Contrarian, Kelleher writes.

To read more, click here.  

Edited by: Casey Quinlan


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