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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 Nevin E. Adams
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
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).