The Markets October 20, 2007

Janus Fund to Get New Pilot

Janus Capital Group Inc. has announced that David Corkins, portfolio manager of Janus Fund, is leaving the firm to pursue other opportunities.
Reported by

Conkins, who is also portfolio manager for the Janus Adviser Large Cap Growth Fund, Janus Aspen Large Cap Growth Portfolio and related products for retail and institutional clients, will transition the funds to his successor, Jonathan Coleman, who manages Janus Enterprise Fund and its related portfolios. Coleman will no longer manage Janus Enterprise Fund and its related portfolios, but will remain a Co-Chief Investment Officer of Janus, according to a press release.

Other Changes

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As lead portfolio manager of Janus Fund, Coleman will be assisted by Co-Portfolio Manager Dan Riff, who will continue as a Co-Portfolio Manager of Janus Adviser Long/Short Fund and Janus’ Institutional Long/Short portfolio. Brian Demain, an assistant portfolio manager and protégé of Coleman, will succeed him as portfolio manager of Janus Enterprise Fund and the company’s mid-cap growth portfolios.

The portfolio management changes are effective November 1, 2007.

The announcement comes less than two months after Scott Schoelzel, portfolio manager of Janus Twenty Fund announced his intention to leave the fund – and the firm – at the end of the year after 14 years at Janus (see Janus Twenty Fund to Change Skippers).

Deals & People October 20, 2007

Wilshire Associates Appoints Davanzo as President

Wilshire Associates Incorporated has named Lawrence Davanzo as president of the firm, with Dennis Tito, one of the firm’s founders, retaining his role as Chairman and Chief Executive Officer.
Reported by

According to a press release, Davanzo was most recently Senior Managing Director of Wilshire Funds Management, but will now focus on asset management.

Davanzo first joined Wilshire Associates in 1977 and founded the consulting business unit in the early 1980’s. From 1977 to 1991 he helped build the firm during a time when revenues grew significantly.

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He left Wilshire Associates in 1991 to found Asset Strategy Consulting, which he merged with Plan Sponsor Exchange in 2000 to form InvestorForce, an internet technology platform serving institutional investors.

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