Super successful Janus fund closes to new investors

Article Abstract:

Janus Fund announced on Sep 13, 2000 that it is no longer accepting new investments to the $48 billion Janus fund because additional cash inflow would make it difficult to manage it. The Janus fund, which is the company's flagship fund and the nation's fourth-largest stock mutual fund, rose 235% in the past five years compared to 145% for the average fund. Aside from the Janus fund, another seven of the 23 funds that the company offers have been closed to new investment.

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Despite string of bad news, Janus still good for long haul

Article Abstract:

Janus Fund is still considered a good investment choice despite some unfavorable news. The bad news concern the departure of chief investment officer James Craig and the merger of Janus with Berger funds and DST into Stilwell Financial. Janus has been extremely successful in attracting investors, drawing in a total of $53.6 billion in February. Janus Olympus and Janus Venture, however, reported disappointing performance this year compared to last year.

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Star manager at Janus funds leaves to lead charity

Article Abstract:

Janus Fund executive James Craig announced that he is resigning from the mutual fund company to head a family foundation. His resignation comes at time when Janus is experiencing difficult times due to the volatile performance of technology stocks. Craig is credited with leading Janus to a 983% gain from June 1986 up to Dec 1999, outperforming Standard & Poor's 500-stock index.

Executive changes & profiles, Mutual funds

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