Janus expanding into Canada
The Janus Capital Group Inc. has announced plans to expand into Canada with a goal of capturing a larger portion of subadvised mandates.
The Janus Capital Group Inc. has announced plans to expand into Canada with a goal of capturing a larger portion of subadvised mandates.
The Denver-based fund firm reported that Mark Baltimore, executive director of global business development at Janus Global Advisors, will lead the new sales effort.
He will market Janus’ three investment units — Janus Capital Management LLC of Denver, INTECH Investment Management LLC of West Palm Beach, Fla., and Perkins Investment Management LLC of Chicago — to asset management firms, banks and insurance companies throughout Canada, the firm said in a statement.
The Canadian investment industry represents more than $600 billion (Canadian, $539.5 billion U.S.) in assets, the firm said.
“We are confident that our U.S. equity, international, global and risk-managed strategies will be appealing investment options for Canada’s asset management community,” Rob Watson, senor vice president and managing director of global business development said in the statement.
Mr. Baltimore joined Janus in March 2006.
Prior to that he served as global business development director for AllianceBernstein LP of New York and as a senior vice president with Putnam Investments of Boston.
There are no plans to add additional staff to the effort at this time, said Janus spokesman James Aber.
Janus had $110.9 billion in assets under management as of billion as of March 31.
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