Janus Gives Value Another Try
Janus begins accepting checks for its new Strategic Value fund Monday, 15 years after its first, ill-fated attempt at running a fund for beaten-down stocks.
Janus Capital officially began selling shares of Janus Strategic Value today. This marks the Denver-based fund family's first stab at a fund of cheap stocks in 15 years. Janus is hoping this attempt will be more successful than its first one, which floundered until the company changed the fund's name, management, and strategy.
Janus kicked off a 30-day subscription period for Strategic Value, which Janus Special Situations (JASSX) manager David Decker will manage. The $10 initial offering price will be available until February 29.