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In Your Face: Skandia Cans Janus on Two Accounts
Most individual investors have stood by the sagging (JAVTX Quote)Janus Venture fund, but one pro just fired the fund's management team.
On Tuesday American Skandia said it plans to replace Janus with rival growth-manager PBHG at the helm of its (JSCAX Quote)ASAF Janus Small-Cap Growth mutual fund and AST Janus Small-Cap Growth subaccount for variable annuities. The move, effective in September, comes after a tough year in which Janus' small-cap growth team trailed virtually all its peers, according to Chicago fund tracker Morningstar. ...
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