|Last Price$12.51||Day Change (%)0.81%|
|Open Price$12.36||Day Change ($)0.10|
|Day Range12.26–12.58||52-Week Range8.26–13.10|
As of Fri 07/11/2014 02:28 PM EST | USD
Equity funds with an emphasis on utilities, REITs, or dividends have been among peer leaders so far in 2014, but good stock-picking is becoming more important in terms of overall fund performance.
We look at how the veteran fund managers have excelled for so long and how they're preparing for the future.
Janus , DoubleLine, and Goldman Sachs are among the latest to try their hand at strategies that aim to defy rising interest rates.
Arrowpoint, run by ex- Janus managers Chad Meade and Brian Schaub, will begin managing a 4% sleeve of Vanguard Explorer.
Enrique Chang becomes a co-CIO at Janus , replacing Jonathan Coleman, who will focus on managing Janus Fund. American Century's new CIO search starts immediately.
Janus Capital Group Inc., owner of the Janus , Intech and Perkins funds, said first-quarter earnings rose 24% as stock market gains helped boost assets.
Janus Capital Group has launched the Janus Diversified Alternatives Fund (DAF), which will bet on the equity, fixed income, commodity, and currency asset classes.
Several European banks have proved their mettle amid the continent's financial turmoil and are well-positioned for long-run growth, says Janus Overseas manager Brent Lynn.
Richard Weil, chief executive officer at Janus Capital Group, had his compensation reduced 19% to $4.98 million in 2012 as investors withdrew $12.1 billion from the firm.
Janus said fourth-quarter profit declined 13% as clients pulled out money for the 14th consecutive quarter.