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History and Timeline
Tom Bailey (a Pittsburgh native) founded Janus in Denver on December of 1969. ... He ran the Janus Fund with a concentrated (fairly large positions) growth at a reasonable price style. Tom was known for visiting and analyzing the management of companies he invested in, which was unusual for smaller fund companies (as Janus was at the time). In 1984, Tom Bailey sold 80% of his interest in Janus to Kansas City Southern Industries (a railroad holding company) on the condition he would retain control over investing Janus’ assets.
In 1986, Tom Bailey turned management of the Janus Fund over to Jim Craig, hired in 1983. ... Tom Marsico is best know for running Janus Twenty, but his biggest contribution may have been recruiting others from Fred Alger to move to Denver and join Janus. ... In 2000, Janus, with about twice the assets of T. ... KCSI wanted to spin off Janus with other investment enterprises it owned into a new holding company, Stillwell Financial. Bailey and Craig wanted Janus to become a separate public company. ... Janus was not happy, Bailey and Craig weren’t happy. ...
Three months after Stillwell was formed, Chief Investment Officer Jim Craig (the second longest tenured Janus employee) stepped down.
Approximate Word count = 945
Approximate Pages = 3.8
(250 words per page double spaced)
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