, Columnist
A Great Cost Migration Is Upending the Financial Industry
Janus’s situation is a microcosm of the entire fund industry’s.
It probably won't be the last.
Photographer: Matthew Staver/BloombergThis article is for subscribers only.
Janus saw the writing on the wall. And it wasn’t pretty.
Like many big asset managers, Janus Capital Group is caught on the wrong side of two powerful trends that are reshaping the financial industry.