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Janus Profits Rise 25%, Still Measuring Gross's Effect
FYI: (Click On Article Title At Top Of Google Search) Janus Capital Group Inc. Chief Executive Richard Weil on Thursday called his surprise hiring of bond kingpin Bill Gross last month “the press release heard around the world,” but said it was too soon to know the impact on the fund firm’s business.
What is not mentioned here is that the outflows continue at Janus. For the quarter ending Sept 30, outflows added up to $2.1 billion. It remains to be seen how much of an attraction Bill Gross will be there. The last time Janus had positive inflows was in 2009.
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http://www.reuters.com/article/2014/10/23/januscapital-results-idUSL2N0SI0MD20141023