Janus Adds Funds as Managers and Investors Head for the Exits
Richard Weil is learning how difficult it is to revive a mutual fund brand that has fallen from grace. Weil is chief executive officer of Janus Capital Group, a Denver-based money manager that rocketed to national prominence with the technology boom of the 1990s. After that came the dot-com crash, followed by a decade of internal turmoil, an exodus of talent, and the worst financial crisis since the Great Depression. “They came out of total obscurity in the mid-’90s,” says Burton Greenwald, a fund industry consultant. “They had an extraordinary equity run, and then it all fell apart.”
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