Morningstar Rating

Stock Research and Analysis

by Greggory Warren, CFA

Bulls Say

With $174.4 billion in AUM at the end of the third quarter of 2014, Janus is a medium-size asset manager with a product portfolio that is primarily composed of equity assets.
Janus' fixed-income funds continue to generate strong investment performance, with 100% of its funds outperforming their peers on a one- and three-year total return basis at the end of September.
Over the past five and a half years, Janus' fixed-income operations have increased in size nearly fivefold. We expect the hiring of Bill Gross to allow the firm to more than double its bond fund AUM by the end of 2018. Read more 

Bears Say

Janus has been stuck in the middle of a bunch of other midsize asset managers, lacking the distribution, visibility with investment advisors, and scale necessary, in our view, to compete effectively with many of its peers.
With $49 billion of Janus' AUM subjected to performance-based advisory fees, and most of these assets struggling to generate outsized performance, it could be several years before the firm sees normalized levels of performance fee income.
While U.S. equity markets have more than doubled during the past five and a half years, Janus' equity AUM has increased 60%. Read more 

Management

Richard Weil has been CEO since February 2010. Steve Scheid, who had been chairman of the board since January 2004, retired in April 2012 and was replaced by Glenn Schafer (a director since December 2007). Janus has had five CEOs since founder Tom Bailey   Read more 

Profile

Janus Capital Group provides investment management services to individual and institutional investors. Assets are managed through three main subsidiaries: Janus, which focuses   Read more 

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