Janus Capital Group of Denver says Scott Schoelzel, portfolio manager of the Janus Twenty Fund, Janus Adviser Forty Fund, Janus Aspen Forty Portfolio and related products, plans to leave the firm at year-end, after 14 years with the fund group. Schoelzel has not announced any future career plans.
Schoelzel will be succeeded by Ron Sachs, manager of the multi-cap growth Janus Orion Fund and other related portfolios. Sachs joined Janus in 1996 and has led Orion since its inception in June 2000. Set to take Sachs' place as the head of Orion is John Eisinger, equity research analyst and contributor to the Janus Research Fund.
Janus CEO Gary Black says Schoelzel has "had a stellar investment career," adding, "his 10-year track record on Janus Twenty distinguishes him as one of the premier investors in our industry."
The Janus Twenty Fund outperformed its benchmark, the S&P 500, based on 1-, 3-, 5- and 10-year annualized total returns as of June 30, the company says. In 2004, the Janus Twenty Fund was Lipper's No.1 ranked large-cap growth fund. Both the Janus Twenty Fund and Janus Adviser Forty Fund Class S shares have five-star risk-adjusted Morningstar ratings and Lipper Leader recognition for total returns and consistent returns as of July 31.
