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Rating:Janus Alters the Way it Pays Intech for Subadvisory Work Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, January 09, 2008

Janus Alters the Way it Pays Intech for Subadvisory Work

by: Armie Margaret Lee

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 here and here). 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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