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Tuesday, May 14, 2013

Janus Loses Three Managers

News summary by MFWire's editors

Cue the image of the cowboy riding off into the sunset.

Reuters reports that Janus is losing three portfolio managers.

According to the newsire, Janus announced Monday that Ron Sachs, manager of the Janus Twenty Fund and the Janus Forty Fund, will be gone by the end of the month.

It was also annouced that Chad Meade and Brian Schaub, co-managers of Janus Venture Fund and Janus Triton Fund, will leave in coming weeks.

Reuters reports that Janus did not give reasons for the departures in a press release. None of the three departing fund managers returned messages, and a spokeswoman for the company said executives were not available for interviews, including chief executive Richard Weil.

Read more in Reuters .  

Edited by: Tommy Fernandez


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