Morningstar Rating

Stock Research and Analysis

by Greggory Warren, CFA

Bulls Say

With $183.1 billion in AUM at the end 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 solid long-term investment performance, with 85% and 80% of its funds outperforming their peers on a three- and five-year total return basis at the end of 2014.
During the past six years, Janus' fixed-income operations have increased in size nearly tenfold. 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 medium-size 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 many of these assets still struggling to generate outsize performance, it could be several years for the firm to see more normalized levels of performance fee income.
While U.S. equity markets have more than doubled during the past six years, Janus' equity AUM has increased just 30%. Read more 

Management

Richard Weil has been CEO since February 2010. Janus has had five CEOs since founder Tom Bailey retired in 2002. Each has brought a different perspective and style to the firm. Mark Whiston, who served as CEO from September 2002 until April 2004, was   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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