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Rating:Has Weil Stemmed the Tide at Janus? Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 23, 2014

Has Weil Stemmed the Tide at Janus?

News summary by MFWire's editors

Looks like the leak may have been fixed. Maybe.

Janus slowed its outflows to its lowest point in four years, according to Bloomberg.

The newswire says that Janus reported that its customers pulled out $1.7 billion from Janus' funds in the first quarter of 2014, the lowest since the first quarter of 2010.

The Bloomberg article quotes an analyst who attributes the slowing to, in part, general investor trends, as well as some modest wins on the part of Janus.

Mr. Market rewarded Janus for the news, raising the price of the asset manager's common stock 7.22% by yesterday's close to $12.33.  

Edited by: Tommy Fernandez


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