Word: janus
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...been swift. Fund-research firm Morningstar--the 800-lb. gorilla of independent fund analysis--took the unprecedented step of warning investors to avoid the four fund families at the eye of Spitzer's storm--Strong, Bank of America's Nations Funds, Bank One's One Group, and most Janus offerings (except for its Mid Cap Value, Small Cap Value and Risk-Managed Stock funds, which are run by outside managers). "The firms put their own profitability ahead of shareholders'," says Kunal Kapoor, Morningstar's associate director of fund research. "Until we see changes, we don't think they deserve...
...reflect movement in foreign markets. From a legal standpoint, market timing is an issue only for funds that officially ban it but make allowances for hedge funds and others who pay them big fees. Market-timing violations are far more widespread than late trading. The cases against Janus, Strong and Bank One are limited to market timing, which academic studies show can raise costs as much as 2% of a fund's assets each year--a detriment to long-term holders...
...allegations center on one hedge fund, Canary Capital Partners, and its relationships with mutual-fund companies, including Bank of America's Nation's Funds, Banc One, Janus and Strong. Spitzer says the trail could lead to hundreds of mutual-fund companies. The Securities and Exchange Commission is investigating. The Investment Company Institute pledges full support of the probe...
...Growth Opportunity? It has been liquidated. How about Federated Aggressive Growth and Stein Roe International? They have been merged into Federated Kaufmann and Columbia International Stock, respectively. Still to come: the probable disappearance of $1.3 billion worth of growth and international funds from the Berger fund family now that Janus, Berger's corporate cousin, is scheduled to take over the assets...
...With that engulfing wave of porno chic, the soft-core genre that had been so smartly personified by the Janus face of Meyer-Metzger became instantly obsolete. Metzger, in his interview, declared that "the soft-core arousal film, the turn-on movie, has always been with us, and will always be with us." Yet two years later he was directing, under the pseudonym Henry Paris, classy hard-core features like "The Private Afternoons of Pamela Mann" and his porno "Pygmalion," "The Opening of Misty Beethoven...