Janus' US Twenty fund manager exits

US-based Janus Capital has replaced the manager of its US Twenty fund Ron Sachs, who will exit the group this month.

Sachs' $8.5bn fund has been running since 1985 in the US, with a version available to UK investors. It is run as a concentrated portfolio of between 20 and 30 stocks. Sachs has been replaced by Marc Pinto, a Janus veteran who has worked at the firm for 19 years. Pinto already runs a number of funds including the Janus Large Cap Growth, Opportunistic Growth and Growth & Income strategies. The  Janus US Twenty Fund, which is closed to new investors, returned 16.5% over the year to 3 May compared to a sector average of 18.4%. Over three years it has delivered 23.1% against an average ...