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

Prominent Hedgie Renee Haugerud Embroiled in Ugly Child Custody Battle

Sep 10 2014 | 2:43pm ET

A high-profile hedge fund manager is caught up in a nasty child custody battle in...

Lifestyle

Full House’s Stamos To Play TV Hedge-Fund Manager

Sep 5 2014 | 4:43am ET

The life of a Connecticut hedge-fund billionaire is coming to the small screen.

Guest Contributor

The Cult of Loss Aversion: A Call to Rethink Risk in Global Macro Investing

Sep 4 2014 | 5:45am ET

In the wake of a traumatic loss, whether it is financial or personal, it is just...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

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.