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Fund Times: Janus Manager Steps Down

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Karen Reidy, manager of  Janus Balanced (JABAX) and  Janus Core Equity (JAEIX), announced that she has decided to relinquish her portfolio management duties. She has managed both funds since January 2000.

Effective May 1, 2005, Marc Pinto and Gibson Smith will take over the Balanced fund. Pinto is a longtime institutional equity portfolio manager at Janus, and Gibson Smith is head of Janus' fixed-income department and manager of  Janus High-Yield (JAHYX) and  Janus Short-Term Bond (JASBX). Minyoung Sohn, manager of  Janus Growth & Income (JAGIX), will take over management responsibilities for Janus Core Equity.

Dieter Bardy does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.