Monday, 24 April 2017
Last updated 2 days ago
May 12 2011 | 12:46pm ET
Mutual fund giant Janus Capital Group is bringing back former portfolio manager Dan Kozlowski, and he's bringing along his own hedge fund.
Kozlowski will head the struggling firm's plan to expand into alternative investments. He'll continue to run Plaisance Capital, the Chicago-based hedge fund he launched in 2008 after leaving Janus, and which Janus will absorb.
In addition, Kozlowski will manage Janus' Contrarian Fund, taking over for David Decker, who managed the fund to an 11% return last year but who is leaving to launch his own asset manager—a hedge fund, perhaps?—at the end of June.
"Dan is a talented investor who has successfully managed both traditional and alternative strategies," Jonathan Coleman, co-chief investment officer of equities at Janus, said. "His previous experience working closely with David Decker and our research team will result in a smooth transition of Janus Contrarian Fund portfolio, and positions the firm to offer alternative products that are a natural extension of our fundamental investment philosophy."
Janus said that Hiroshi Yoh, who joined its Singapore office in April, will assist Kozlowski in building up the firm's alternative investments office.
Kozlwoski previously worked for Janus from 1999 through 2008.