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Janus Keeps Mellowing Out

 

Like a repentant lead-foot slowed by a ream of speeding tickets, Janus managers kept mellowing out their portfolios' last quarter.

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You know the Janus story by now. The firm's managers made outsize bets on tech, media and telecom stocks to stunning gains in 1999 and record sales in 2000 -- remember that $13.5 billion stake in Nokia(NOK Quote) in March 2000? ...

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