A pair of Janus Capital Group fund managers have joined a hedge fund founded by a former colleague.
Brian Schaub and Chad Meade will run a small- and mid-cap strategy at Arrowpoint Partners, which, like Janus, is based in Denver. The firm was founded in 2007 by David Corkins, the former manager of Janus' flagship mutual fund.
At Janus, Schaub and Meade ran two of the firm's best-performing stock funds, with $7.2 billion in combined assets. Arrowpoint manages $2.2 billion.
"All of Arrowpoint is excited to bring a world-class team into the firm," Corkins said. "We have a long history with Chad and Brian and their research process is in line with ours."