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 |
|
Thursday, April 21, 2011 Janus Sees a Change within its Senior Ranks Janus [see profile] chief financial officer Greg Frost is departing the Denver-based mutual fund firm this summer. Frost will leave or about August 1 and Bruce Koepfgen will succeed him in that post, according to Janus' earnings report released Thursday morning. The 58-year-old Koepfgen will start at Janus in June. Previously, Koepfgen worked at Allianz Global Investors as CEO of Oppenheimer Capital, an Allianz subsidiary, and chairman of Allianz Global Investors Fund Management. Koepfgen was on Allianz Global Investors' executive committee alongside Dick Weil, who is now Janus' CEO. Earlier, Koepfgen was with Salomon Brothers for 23 years. Thursday morning, Janus reported a 21 percent jump in its first-quarter earnings, to $37.9 million, or 21 cents a share, compared with $31.3 million, or 17 cents, during the same period last year. The profit figure beat analyst forecasts. Analysts polled by Thomson Thomson Reuters I/B/E/S predicted earnings of 20 cents a share. At the end of March 31, the company's total assets under management were $173.5 billion compared with $169.5 billion at December 31, and $165.5 billion at March 31, 2010. Reuters, Bloomberg and MarketWatch are among the media outlets that picked up on Janus' numbers. Printed from: MFWire.com/story.asp?s=36605 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |