May 7, 2004 |
Janus Capital Group Inc., the Denver-based mutual fund company that settled accusations over improper trading agreements, said Thursday that it was supplying regulators with information about the firm's relationships with brokers. The Securities and Exchange Commission is examining agreements between Janus and brokerages that sell Janus funds, the company said in a filing. The agreements weren't covered in Janus' $226-million settlements with regulators last month, the filing said.
December 20, 2003 |
Janus Capital Group Inc., a Denver-based mutual fund company under investigation by state and federal regulators, said it would pay $31.5 million to reimburse fund investors hurt by improper trading. The company also split the role of chairman and chief executive, naming Steven Scheid, 50, former vice chairman of Charles Schwab Corp., as chairman. Mark Whiston, 41, remains as chief executive. Janus rose $1.08 to $15.91 on the New York Stock Exchange.
July 30, 2004 |
Janus Capital Group Inc. said one of its clients plans to pull about $5 billion from the firm's mutual funds by the end of the year, a sum that represents 3.7% of Janus' assets under management. Denver-based Janus is one of a number of fund giants that have suffered blows to their images since September because of allegations that they allowed favored clients to engage in abusive trading of fund shares.
May 25, 2004 |
Los Angeles-based American Funds led all mutual fund companies in net cash inflows to stock and bond funds in April, continuing the pattern of the last year, fund tracker Financial Research Corp. said Monday. American Funds, which markets conservatively managed stock and bond funds, took in a net $8.7 billion in April. It was followed by Vanguard Group, with $4.6 billion in net inflows.
March 6, 2003 |
Janus Capital Group Inc., the mutual fund giant that was among the many big investors caught by surprise by Enron Corp.'s accounting scandal, had some accounting problems of its own in 2002: The firm said Wednesday that an error in bookkeeping meant per-share diluted earnings were understated. Janus' full-year diluted profit was 38 cents a share, not the 31 cents previously reported, the firm said.
December 19, 2003 |
U.S. stock funds could have their second best year for inflows, although six firms connected to improper trading scandals suffered combined outflows of $21.3 billion in November, fund research firm Lipper Inc. said Thursday. Despite the scandals, U.S. equity mutual funds had inflows overall of $22 billion in November, down from $23.8 billion in October, Lipper said. Lipper named the six firms suffering the combined $21.3 billion in outflows as Alliance Capital Management, Bank of America Corp.