MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, January 9, 2008 Janus Alters the Way it Pays Intech for Subadvisory Work 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. Printed from: MFWire.com/story.asp?s=17071 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |