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Article: Manager targets Janus Mercury for "fine-tuning".
- Article from:
- Australasian Business Intelligence
- Article date:
- February 26, 2003
CopyrightCOPYRIGHT 2003 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Feb 26, 2003 (The Asian Wall Street Journal - ABIX via COMTEX)
Warren Lammert has overseen the $US4.7 billion Janus Mercury Fund since 1993. He is stepping down as manager of the US capital fund. Lammert's successor is David Corkins, who is known for his emphasis on risk management. Janus Mercury has lost an average of 29.5 per cent per year for the past three years, due to its technology and telecommunications holdings. Lammert tended to focus on fast-growing companies. It is thought that the fund's direction will change under Corkins. ...
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