Tuesday, 21 October 2014
Last updated 6 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...