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MFI: Janus Wants "Color" From Investors, Says "Don't Chase Yesterday". In the current issue of Money Fund Intelligence, we interview Janus Capital Group and profile the top-performing Janus Institutional Cash Management and Janus Institutional Money Market funds. Janus briefs us on their current liquid strategy, their new online trading module and on the importance of managing and educating clients. Co-Portfolio Manager Eric Thorderson tells us, "We get great color from our customers. We've eliminated those that we're not getting good color from.... That's helped in the stability of our assets." MD Bill Crist says, "I think these portals especially have made it very easy to exchange in and out of the highest fund.... [I]t's not a good strategy to do that with your money market, because you are always chasing yesterday. It doesn't make sense, but ... sometimes people can't help themselves." On recent market troubles, Co-PM Craig Jacobson says, "We are remaining very conservative with our investments, and monitoring things closely, but it appears that SIVs are the only remaining sector out there that has major unresolved issues." E-mail us to request a copy of the full interview or issue.
