Effective at the start of the year, Janus Capital Management
will no longer pay its subsidiary Enhanced Investment Technologies
(Intech) a fixed rate for subadvising five of the Denver firm's funds, according to SEC filings. (see
). Janus will instead pay Intech a fee equal to 50 percent of the investment advisory fee paid by the funds to Janus. The Janus Adviser Intech Risk-Managed Growth Fund
, the Janus Adviser Intech Risk-Managed Value Fund
, and the Janus Adviser Intech Risk-Managed International Fund
currently pay Janus Capital a fixed rate based on the funds' annual average daily net assets, while the Janus Adviser Intech Risk-Managed Core Fund
and the Intech Risk-Managed Stock Fund
currently pay Janus a monthly base fee.
Correction: An initial version of this story incorrectly stated the number of funds affected the by the change.
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