Janus Funds' Investment Chief,
Jim Craig, to Leave Next Month
A WSJ.COM News Roundup
NEW YORK -- The chief investment officer for Janus Capital Corp., Jim Craig, will leave the mutual-fund giant at the end of September.
Janus' parent company, Stilwell Financial Inc., said Mr. Craig, 44, will manage his family's charitable foundation for the disadvantaged in the Denver area.
Denver-based Janus Capital climbed the mutual-fund landscape in the 1990s with stunning skill, racking up spectacular results at many of its 34 stock and bond funds and building assets under management from less than $2 billion in 1990 to more than $200 billion. So far this year, investors have poured more than $38.5 billion of new cash into Janus funds.
As the company's chief investment officer, Mr. Craig was responsible for preserving Janus's entrepreneurial culture and keeping its hordes of new shareholders happy. He is a soft-spoken Alabama native who stepped aside as manager of $40 billion-in-assets Janus Fund to take on greater executive duties at the fast-growing company.
Janus' executive investment committee, a group formed by Mr. Craig over a year ago, will assume his responsibilities including day-to-day management of the investment team and all affairs related to Janus's investments. |
