Sandy Rufenacht's team did indeed follow him away from Janus. Three members of the Janus high-yield bond management team are reportedly joining Rufenacht to a new hedge fund shop. Until recently, Rufenacht was the lead portfolio manager on the Janus High-Yield Fund.
Those joining him at Three Peaks Capital
include trader Mary Cooper and analysts Craig McMullen and Adrian Shopp, reports Reuters
. All three started working at the hedge fund this week.
Rufenacht told the news agency that he expects to gather between $250 million and $300 million of assets in the near term.
Janus responded to the news with a statement that said it sees these as an opportunity to leverage its bench strength in building a new team. The fund is now being managed by Michael Buchanan who joined the firm from BlackRock. Meanwhile, Gibson Smith took over the Janus Short-Term Bond Fund from Rufenacht.
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