1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (5738) 

John Rogers of Ariel Funds Comments on Janus Capital Group

August 17, 2012 | About:

From John Rogers' second quarter letter:

Janus Capital Group Inc. (NYSE:JNS) has tried even our patience over the years, but the company is on a much better path after taking some aggressive steps during the worst of the market meltdown. In 2009, the Janus board fired then-CEO Gary Black, replacing him in February 2010 with 13-year PIMCO veteran Dick Weil. In many ways, hiring someone from a world-renowned bond shop ran counter to this high-octane growthstock manager's brand. And yet, Weil arrived armed and ready to broaden the company's fixed income capabilities and expand its domestic and international equity offerings. As a result of these efforts, fixed income now represents $24 billion or 16% of assets under management (AUM), which is substantially up from 4% when he started, and value has grown from 10 to 12% of assets. Weil has also worked to extend the brand presence globally and also grow assets in the institutional arena. During this time, Janus's dividend jumped from 4 to 24 cents annually and debt was dramatically reduced from $1.1 billion at the time of the 2009 market low to $539 million today.


Rating: 4.0/5 (5 votes)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


morsy.hananGuru undervalued
woodman1024Safe Large Stocks
yukondeltagAcquirer's Multiple - All Cap
Ismael04Magic Formula Filter
gfrick052616 fcp, roic, pocf, peg,p/
Ismael04Magic Formula Personal
jblrseScholss Strategy
ks052557Value Stocks3
Tauphipi5/26/16
MariocabReinvestment Moats

Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK