Fund Times: Big Management Changes at Janus
Plus, news on new MFS income fund, Keeley splits fund, and more.
Janus Capital Corporation on Thursday announced the resignation of two long-tenured managers: Blaine Rollins and Claire Young, effective June 30. In February 2006, David Corkins replaced Rollins as manager of the firm's flagship $11 billion Janus Fund (JANSX), and Rollins was moved to the smaller ($147 million) Janus Triton (JATTX). Research analysts Brian Schaub and Chad Meade will take over at Triton.
Young, manager of Janus Olympus (JAOLX) since September 1997, had fared better in her charge, despite having wildly volatile returns during the tech boom and bust years. Ron Sachs, of Janus Orion (JORNX), will replace her. He will continue to manage Orion, where he's delivered good returns in recent years following a rough start in the bear market.
Lawrence Jones does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
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