Janus today announced that it would be closing three of its mutual funds to new investments, starting tomorrow. The three funds include the $42 billion
Janus Worldwide Fund,
one of the company's biggest funds, managed by
Helen Young Hayes and
Laurence Chang as well as the $8 billion
Janus Olympus Fund, managed by
Claire Young, and the $3 billion
Janus Global Life Sciences Fund, managed by
Tom Malley.
"By proactively closing these funds now, we are controlling the flow of
cash into them," said
Jim Craig, Janus' chief investment officer.
"This is a step that Janus has taken before ..."
Janus closed its
Twenty Fund and
Global Technology Fund in the last year and is talking about closing its
Enterprise Fund as early as midyear 2000.
The Denver company, still fighting a battle with parent
Kansas City Southern for independence from the planned Stilwell spin-off, currently has about $290 billion in 22 Janus retail funds, 13 institutional funds in its
Janus Aspen Series, and 10 offshore funds through
Janus World Funds.
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE
Subscribe to MFWire.com's News Alerts [click]
Email & Route 
Print 
Raw XML
