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Rating:SEC Probes Janus' Bay Isle Unit Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 24, 2005

SEC Probes Janus' Bay Isle Unit

by: Theresa Sim

Janus is responding to an SEC document request regarding its institutional manager Bay Isle Financial, the fund firm disclosed in a Friday filing.

Janus said it received the SEC request on March 16 after staff raised issues in a "deficiency letter resulting from a routine examination of Bay Isle in March 2004." Janus is currently responding to the document request.

Bay Isle manages institutional money and subadvises Janus funds. Janus sold the private client half of Bay Isle to First Republic Bank in June of 2004. 

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