Janus Capital Group

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Janus Capital Group, Inc. is a publicly owned investment company 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.

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.[1]

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.[2]

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2003 mutual fund scandal

Janus was implicated in the 2003 mutual fund scandal. On August 18, 2004, the SEC announced that JCM would pay $262 million.[3][4] 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.

Assets

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, [elbourne]], and Singapore. Janus Capital Group consists of Janus Capital Management LLC, INTECH Investment Management LLC (INTECH). Additionally, Janus Capital Group owns 80 per cent of Perkins Investment Management (formerly Perkins, Wolf, McDonnell and Company).

With a market capitalisation of under $1.2 billion, Janus moved from the S&P 500 stock index to the S&P MidCap 400 from November 23, 2011.[5]

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