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Janus making a comeback?
Has Janus turned the corner? Well, it is certainly faring better now that its scandal-plagued days are over. About three fourths of the company's primary retail fund family, Janus Investment Fund, are ranked in the top half according to Lipper's in categories up to five years out. The firm's assets continue to rise, up to $176.2 billion from $167.7 at the end of last year. Credit goes in part to Gary Black, former chief of Goldman Sachs Asset Management's institutional business. He started as chief investment officer and was later promoted to chief executive. It's been a long road for a once proud company. It would make a nice case study in how to rebuild a brand. Yet for all the improvement, it has never quite regained its old stature--and perhaps never will. Some still see it as tainted.
For more:
- here's the article from Financial News Online
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