Janus Set To Launch Hedge Fund...Sort Of

Jan 19 2006 | 7:41pm ET

Denver-based mutual fund firm Janus Capital Group is revving up to launch its first hedge fund-like product at the end of March. The fund will go long and short like a hedge fund, but it will be marketed to retail investors, not targeted at the uber-wealthy.

According to a Securities and Exchange Commission filing, the Janus Adviser Long/Short Fund, which will have a minimum investment of $10,000, will be managed by Matthew Ankrum and David Decker, who have been with Janus since 1996 and 1992, respectively.

“There are certain advantages to investing in this type of product, such as the liquidity, the transparency and the lower minimums,” said Shelly Peterson, a spokeswoman for the firm. “The expenses on this fund are also less than most traditional hedge funds.”

Peterson, citing regulatory requirements, declined to give specific information about the managers’ experience shorting stocks, which they plan to do for the new fund. “At this point in time, we are selling this fund through our intermediaries,” said Peterson, adding, “we would not launch a product if we did not have extreme confidence in our ability to deliver for shareholders.”

In the filing, Janus said that by utilizing both long and short positions in securities markets, the fund aims to generate positive returns no matter which way the markets are going. 


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    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…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.