MutualFundWire.com: Janus Needs a 'Very Strong Business Discipline,' Says its New CEO
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Friday, April 23, 2010

Janus Needs a 'Very Strong Business Discipline,' Says its New CEO


Richard Weil
Janus Capital Group
 CEO
The Friday edition of the The Wall Street Journal's Fund Track column reported on Janus Capital Group's first quarter earnings, noting that the company saw total assets under management increase from $159.7 to $165.5 billion quarter to quarter. Denver-based Janus recorded a profit of $31.3 million and net outflows of $1.9 billion.

In a webcast Thursday, Janus CEO Richard Weil, who took the reins in February, said that the "most important job is to deliver superior, long-term investment performance." He added that the firm needs a "very strong business discipline."


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