Janus Capital Group

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Janus Capital Group Inc.
Public company
Traded as NYSEJNS
S&P 400 Component
Industry Financial
Founded 1969
Founder Thomas Bailey
Headquarters Denver, Colorado, United States
Revenue $1,076 million (2015)[1]
Total assets $190.9 billion (2016) [1]
Number of employees
1,272 (2016) [1]
Website www.janus.com

Janus Capital Group, Inc. is an American publicly owned investment firm headquartered in Denver, Colorado. The company's asset-management disciplines include growth, core, international, value, mathematical, alternative and fixed-income. These products are sold through advisors and financial intermediaries, to institutional investors and directly to retail investors. Janus Capital Group was created as a result of the January 1, 2003, merger of Janus Capital Corporation into its parent company, Stilwell Financial Inc. Janus Capital Group consists of Janus Capital Management LLC (Janus), INTECH Investment Management LLC (INTECH), and Kapstream Capital Pty Limited (Kapstream), in addition to a range of exchange‐traded products. Additionally, Janus Capital Group owns 80% of Perkins Investment Management (formerly Perkins, Wolf, McDonnell and Company).

Outside the U.S., Janus has offices in Sydney, Paris, Zurich, Frankfurt, Dubai, Taipei, London, Milan, Tokyo, Hong Kong, Melbourne, and Singapore. Janus is in the S&P MidCap 400 Index.[2]

History[edit]

Janus was founded in 1969 by Tom Bailey. A controlling interest was purchased by Kansas City Southern Industries in 1984. Bailey stepped down as president and CEO in June 2002.[3]

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.[4]

The Janus Fund opened in 1970 with approximately $500,000,000.35 in assets and 30 investors.[5] Its primary business was U.S. large cap growth equity management.

Further funds were launched in 1985, including the Janus Venture Fund, its first small cap equity fund, and the Janus Twenty Fund, its first concentrated equity fund. At the same time, Janus began managing assets for institutional clients.

In 1991, Janus launched a number of other new types of fund, including its first global equity fund, the Janus Worldwide Fund, its first international equity fund, the Janes Overseas Fund, and its first mid cap equity fund, the Janus Enterprise Fund. It also launched the Janus Aspen Series (JAS), a product line created for investors wanting to invest in Janus through variable insurance contracts or certain qualified retirement plans. Janus also became available through fund supermarkets for both retail shareholders and financial planners.

Myron Scholes, Nobel laureate and Ph.D., joined Janus as chief investment strategist on July 8, 2014[6] On September 26, 2014, Bill Gross left Pimco to join Janus as manager of the Janus global unconstrained bond strategy. In October 2014, Janus acquired VS Holdings, a company based in Darien, Connecticut, and its VelocityShares business.[7] In July 2015, Janus acquired a majority interest in Kapstream Capital, a fixed income specialist.[8] In February 2016, Janus launched a small cap growth and small cap/mid cap growth ETF, [9] followed in June by four new ETFs around investment themes – long-term care, health and fitness, organic foods and personal care (including health care issues related to obesity). On October 3, 2016, Janus Capital Group Inc and Henderson Group plc announced a recommended merger of equals.[10]

References[edit]

  1. ^ a b c "Annual Report, Format 10-K, 2015". Janus Capital Group Inc. Retrieved 19 October 2016. 
  2. ^ CNBC (3 October 2016). "S&P Indices Announces Changes to U.S. Indices". Prnewswire.com. Retrieved 2016-10-25. 
  3. ^ "Archived copy". Archived from the original on 2009-02-07. Retrieved 2009-01-01. 
  4. ^ [1][dead link]
  5. ^ "UNITED STATES SECURITIES AND EXCHANGE COMMISSION : FORM N-CSR : CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES". Sec.gov. Retrieved 2016-10-25. 
  6. ^ Comtois, James (8 July 2014). "Nobel laureate Scholes among 2 joining Janus Capital Group". Pionline.com. Retrieved 2016-10-25. 
  7. ^ Grind, Kirsten (14 October 2014). "Janus Purchase of VelocityShares Parent Gives Bill Gross an ETF Platform". Wall Street Journal. 
  8. ^ "Janus buys stake in Kapstream Capital, gaining help for Bill Gross". Los Angeles Times. 
  9. ^ "2 New Smart Growth ETFs Launched by Janus". 247wallst.com. Retrieved 2016-10-25. 
  10. ^ "Fund firms Janus Capital, Henderson agree merger". Cnbc.com. 3 October 2016. Retrieved 2016-10-25. 

External links[edit]