In a show of confidence in the future of Janus Capital Group, chief executive officer Gary Black purchased close to $1.5 million worth of the company's stock last week.

Black acquired 75,000 shares in the open market on May 5 at a price of $19.75 per share, according to a regulatory filing on Monday.

"This was an open-market transaction, and clearly reflects Mr. Black's confidence in the firm," Shelley Peterson, a spokesperson for the Denver-based fund firm, told the Associated Press.  

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