Janus Capital Group

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Janus Capital Group Inc.
Type Public company
Traded as NYSEJNS
Industry investment
Founded 1969
Founders Thomas H. Bailey
Headquarters Denver, Colorado, United States
Key people Richard Weil (CEO)
Revenue $981.9 million (2011)[1]
Total assets $158.2 billion[2]
Employees 1,125 (2011) [1]
Website www.janus.com

Janus Capital Group, Inc. is a publicly owned investment firm headquartered in Denver, Colorado. It provides growth and risk-managed investment strategies and manages equity, fixed income, money market, as well as balanced mutual funds.

As of September 30, 2012, Janus managed approximately $158.2 billion in assets under management for more than four million shareholders, clients, and institutions around the globe. Outside the U.S., Janus has offices in London, Milan, Tokyo, Hong Kong, Melbourne, and Singapore. Janus Capital Group consists of Janus Capital Management LLC, INTECH Investment Management LLC (INTECH). Additionally, Janus Capital Group owns 80% of Perkins Investment Management (formerly Perkins, Wolf, McDonnell and Company).

With a market capitalization of under $1.2 billion, Janus moved from the S&P 500 stock index to the S&P MidCap 400 after the close of business on November 22, 2011.[3]

History[edit]

Janus was founded in 1969 by Thomas H. Bailey as a subsidiary of Kansas City Southern Industries. Bailey stepped down as president and CEO in June 2002.[4]

The firm was formerly known as Stilwell Financial Incorporated. The company was renamed following the January 2003 merger of Janus Capital Corporation into its parent company, Stilwell Financial.[5]

2003 mutual fund scandal[edit]

Janus was implicated in the 2003 mutual fund scandal. On August 18, 2004, the SEC announced that JCM would pay $262 million.[6][7] This included $100 million in disgorgements and penalties. JCM also consented to a cease-and-desist order and a censure, and to undertake compliance and mutual-fund governance reforms.

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