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.