Better diversity practices needed
"Great value-added programs"
In its 38 year history, Janus Capital has grown to be a major player in the asset management market with about $110.9 billion in assets under management as of April 2009. The firm provides investment advisory services through two subsidiaries, Janus Capital Management (JCM) and Enhanced Investment Technologies (INTECH). Janus Capital Management is wholly owned and has become one of the largest equity managers in the U.S. In addition to growth, core and international equity funds, JCM offers balanced, specialty fixed income and money market funds.
INTECH's investment process is based on a specific mathematical theory that attempts to capitalize on the random nature of stock price movements, with a goal of outperforming a passive index while controlling risk and trading costs. INTECH, headquartered in Palm Beach Gardens, Fla., manages assets for large institutions and endowments. Janus also owns 30 percent of Perkins, Wolf, McDonnell and Company, a Chicago-based asset management firm with over 22 years of history of managing small- and mid-cap value mutual funds and separate accounts.
Denver-based Janus Capital was founded in 1969, and its first fund opened in 1970 with $500,000 in assets and 30 investors. Founder Tom Bailey named his firm after the Roman god of new beginnings, adopting the traditional image of a face looking both forward and backward. Bailey felt this was the perfect symbol to describe his business philosophy: that the best way to judge a company's future potential was by understanding its past. This approach is still in action at Janus, where research is a major part of investment management. Janus rose to national prominence in the 1990s, thanks to its red-hot technology funds. In the post-tech boom era, however, the firm has worked hard to build a new, more stable identity for itself. It's also had to recover from big losses in the economic slumps of 2000-2002, and it suffered from bad bets on now-infamous companies like Enron and Tyco. Then, in 2004, it had to pay $100 million in SEC fines stemming from allegations of illegal market-timing operations, a scandal that led to the departure of CEO Mark Whiston.
151 Detroit St.
Denver, CO 80206
Phone: (303) 333-3863
Employer Type: Public
Stock Symbol: JNS
Stock Exchange: NYSE
CEO and Director: Gary D. Black
2007 Employees (All Locations): 1,613