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Fund Times

Fund Times: Openings, Closings, & Manager Changes

Janus, Ameristock, State Street Research, Fidelity, and Neuberger Berman

Founder's Resignation Shouldn't Affect Janus Funds
The impending resignation of Janus Capital founder and chief executive Thomas Bailey shouldn't have much of an affect on day-to-day operations at the Denver-based fund family's stable of funds.

Bailey, 64, who announced this month he will step down on July 1, had already sold his $1.2 billion ownership stake in Janus back to its corporate parent and had ceded much of the nitty-gritty responsibilities of managing money and the business to others.