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Monday, January 5, 2015

Janus' Biggest One-Day Gain Ever

News summary by MFWire's editors

Janus' [profile] stock price jumped 43 percent in a single day in 2014, its biggest one-day increase in history. Can you guess what happened that day?

Mary Childs of Bloomberg offers the latest retrospective on Bill Gross’ shocking September move to the Denver-based mutual fund shop. Dick Weil calls Gross Janus’ Peyton Manning, “that game-changing level of talent.”

Kelly Hagg, Janus’s head of product development, tells Bloomberg that Gross joining “has opened the door for [Janus] to be very relevant in product wrappers like closed-end funds and ETFs.” And Gabelli analyst Macrae Sykes weighs in on the “nice fruit” from Weil’s ascension. 

Edited by: Neil Anderson, Managing Editor

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