Deutsche Bank Provides Color On Janus Capital Meeting

According to a recent report, Deutsche Bank recently met with Janus Capital JNS CEO, Dick Weil, CFO, Greg Frost and incoming CFO, Bruce Koepfgen. Following the meeting, Deutsche Bank has maintained a Hold rating on the company, despite the optimistic valuation and long term strategic growth opportunities. In the report, Deutsche Bank said, "While trends at Intech are showing some improvement, performance issues atJanus are weighing on the flow and performance fee outlook. Management stated that improving performance is their top priority, and acknowledged some of the products getting pulled from some portfolios and platforms (which could weigh onflows), but also explained that other products are performing well and there is little concentration in any one platform." Janus closed at $10.48 yesterday.