Janus Adds Funds as Managers and Investors Head for the Exits

Janus adds funds as managers and investors head for the exits
Janus Capital Management's Denver headquarters in 2003 Photograph by Jerry Cleveland/The Denver Post via Getty Images

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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