Janus Twenty Fund manager to leave

Scott Schoelzel, executive vice president and portfolio manager at Janus Capital Group, will step down at the end of the year, said Shelley Peterson, spokeswoman, yesterday.
Mr. Schoelzel was responsible for $17.8 billion in assets as of June 30, including the $10.4 billion Janus Twenty Fund, the $3.6 billion Janus Advisor Forty Fund and the $1 billion Janus Aspen Forty Fund, as well as various other institutional and separate account strategies, said Ms. Peterson.
Ron Sachs, executive vice president and portfolio manager, will replace Mr. Schoelzel.
Mr. Sachs currently manages the $4 billion Janus Orion Fund and other strategies; he will be replaced by John Eisinger, currently equity research analyst.
Mr. Schoelzel has been with Janus for 14 years and thought it was “time to consider new and different challenges,” said Ms. Peterson; he will take some time off before making plans.
She said his departure is not related to last week’s departures of John Zimmerman, executive vice president and managing director of Janus Institutional Asset Management, and Jack Swift, senior vice president of institutional sales.