Janus Capital Group
Janus Capital Group, Inc. is a publicly owned investment firm
Investment company
An investment company is a company whose main business is holding securities of other companies purely for investment purposes. The investment company invests money on behalf of its shareholders who in turn share in the profits and losses....

 headquartered in Denver, Colorado
Denver, Colorado
The City and County of Denver is the capital and the most populous city of the U.S. state of Colorado. Denver is a consolidated city-county, located in the South Platte River Valley on the western edge of the High Plains just east of the Front Range of the Rocky Mountains...

. It provides growth and risk-managed investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...

 strategies and manages equity
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...

, fixed income
Fixed income
Fixed income refers to any type of investment that is not equity, which obligates the borrower/issuer to make payments on a fixed schedule, even if the number of the payments may be variable....

, money market
Money market
The money market is a component of the financial markets for assets involved in short-term borrowing and lending with original maturities of one year or shorter time frames. Trading in the money markets involves Treasury bills, commercial paper, bankers' acceptances, certificates of deposit,...

, as well as balanced mutual funds.

As of September 30, 2011, Janus managed approximately $141.0 billion in assets under management
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...

 for more than four million shareholders, clients, and institutions around the globe. Outside the U.S., Janus has offices in London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

, Milan
Milan is the second-largest city in Italy and the capital city of the region of Lombardy and of the province of Milan. The city proper has a population of about 1.3 million, while its urban area, roughly coinciding with its administrative province and the bordering Province of Monza and Brianza ,...

, Tokyo
, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...

 and Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

, Melbourne
Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...

, and Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

. Janus Capital Group consists of Janus Capital Management LLC, INTECH Investment Management LLC (INTECH). Additionally, Janus Capital Group owns 80% of Perkins Investment Management (formerly Perkins, Wolf, McDonnell and Company).

With a market capitalization of under $1.2 billion, Janus moves from the S&P 500 stock index to the S&P MidCap 400 after the close of business on November 22, 2011.


Janus was founded in 1969 by Thomas H. Bailey
Thomas H. Bailey
Thomas H. Bailey is an American financier, noted for founding Denver based Janus Capital Group, one of the largest mutual fund institutions in the United States. Bailey is a billionaire, with a 2006 estimated net worth of $1.2 billion. He graduated with a Bachelor of Arts and Science degree from...

 as a subsidiary of Kansas City Southern Industries
Kansas City Southern Industries
Kansas City Southern Industries is the former diversified parent company of the Kansas City Southern Railway, a Class I railroad headquartered in the Quality Hill neighborhood of Kansas City, Missouri, USA...

. Bailey stepped down as president and CEO in June of 2002.

The firm was formerly known as Stilwell Financial Incorporated. The company was renamed following the January 2003 merger of Janus Capital Corporation into its parent company, Stilwell Financial.

2003 mutual fund scandal

Janus was implicated in the 2003 mutual fund scandal. On August 18, 2004, the SEC announced that JCM would pay $262 million. This included $100 million in disgorgements and penalties. JCM also consented to a cease-and-desist order and a censure, and to undertake compliance and mutual-fund governance reforms.

External links

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