Gary Black, CEO of Janus, is assuring Wall Street that, due to its deep bench of talent, his company can take the recent loss of more than a dozen portfolio managers. The Rocky Mountain News reports that Black told a group of analysts, "We don't like losing any of our key talent, whether it be from the investment team or the executive team. But we work really hard to create a culture where our top talent can thrive and can be compensated at the top of the industry, if they perform well." Black also addressed the question of whether more departures were expected in a roundabout way, saying he hoped there were no more, but it was hard to tell as turnover is a part of the business.  

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