Janus Grapples With Talent Losses
The firm's batting average on manager changes has been poor lately.
Janus has seen more than its share of peaks and valleys over time. To its credit, the firm consistently has come back from the depths. After a crash and burn in the 2000-02 bear market (due to heavy investments in tech and telecom) and the exposure of Janus' involvement in the 2003 market-timing scandal, the firm got back on its feet due to solid performance runs by managers David Corkins and Scott Schoelzel.
But then Janus suffered through a wave of exits: Corkins, along with promising young manager Minyoung Sohn, left in in late 2007 to start a new asset management firm. Schoelzel retired at the end of 2007.
Greg Carlson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.