Janus Capital Group

Janus Capital Group is an investment company from the United States. The company is listed on the S & P 500.

History

Janus Capital Group was founded in 1969 by Thomas H. Bailey. The company is one of the ten largest investment companies in the United States. The company's headquarters is located in Denver, Colorado. Janus Capital Group manages an investment fund of over 125 billion dollars.

The company in 2004 was involved in a financial scandal in the United States, which involved unlawful business practices such as market timing and late trading, which shook confidence in the U.S. fund industry. The company suffered outflows in the billions and pay damages and fee reductions of around 225 million dollars. CEO Mark Whiston had to resign from his post. He was replaced by Steve Scheid.