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Janus Loses ANOTHER Star

Posted by: Lauren Young on October 19, 2007

On the heels of a story in the Wall Street Journal about the hot performance of Janus Capital Group stock comes word that star fund manager David Corkins is resigning effective Nov. 1. Corkins, who oversees the $12.6 billion flagship Janus Fund, joined Janus as an analyst in 1995 and quickly rose up through the analyst ranks to the role of portfolio manager, posting strong returns at Janus Growth & Income as well as Janus Mercury (now known as Janus Research). Scott Schoelzel, another Janus star, is also leaving the company at the end of the year.

Back in 2004, I said in an interview with BusinessWeek.com that Corkins “represents a lot of the things that made the company successful in the past. So if you’re looking for old-school Janus, he’s the guy. There aren’t too many of them left.”

Well, now there are even fewer of the old timers left.

Reader Comments

Kermit

October 22, 2007 11:39 AM

Yah, I thing that an old-school Janus would been very good

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About

Bloomberg Businessweek’s Ben Steverman focuses on the latest moves in financial markets and emerging trends in stocks, bonds, and funds, always with an eye toward giving readers a better understanding of the sometimes confusing and often chaotic world of money. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.

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