Perkins reopens fund to new investors

Perkins Investment Management LLC today announced that the Perkins Small Cap Value Fund (JSCVX) will reopen to new investors. The $697 million fund has been closed since February 2000 and the reopening is effective today. The firm also added another portfolio manager to the fund’s team. Justin Tugman, who joined Perkins as an analyst in 2004, was named co-portfolio manager along with Bob Perkins and Todd Perkins. “The portfolio management team is finding what they believe are compelling investment opportunities,” Jeff Kautz, chief investment officer at Perkins, said in a statement. “This, combined with lower assets in the fund as a result of the downturn in the market, drove our decision to reopen the fund to new investors.” Perkins is a subsidiary of the Janus Capital Group Inc. and both firms are based in Denver. Perkins had $9 billion in assets under management as of Dec. 31.