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September 5, 2001 | Bloomberg News
Janus Capital, which tripled its assets in the late 1990s as investors poured money into its technology-heavy stock mutual funds, is shrinking almost as fast. Janus' parent, Stilwell Financial (SV), said its assets fell to $195 billion Aug. 31, the first time they've been below $200 billion since the firm was spun off from Kansas City Southern Industries (KSU) in July of last year. Stilwell assets--most of which come from Janus--have plunged 41% in the last 12 months.
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BUSINESS
September 5, 2001 | Bloomberg News
Janus Capital, which tripled its assets in the late 1990s as investors poured money into its technology-heavy stock mutual funds, is shrinking almost as fast. Janus' parent, Stilwell Financial (SV), said its assets fell to $195 billion Aug. 31, the first time they've been below $200 billion since the firm was spun off from Kansas City Southern Industries (KSU) in July of last year. Stilwell assets--most of which come from Janus--have plunged 41% in the last 12 months.
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