Janus Capital Group has been fighting an uphill battle to regain the prominence the firm once had. Its core-plus bond strategy might be able to help turn the tide. As of June 30, the strategy had benchmark- and peer-topping returns. According to eVestment Alliance, for the 10-year period, the core-plus fixed-income strategy returned an annualized 7.46%. The benchmark and median peer returns were 5.63% and 6.71%, respectively.
The performance has been getting pension funds' attention and assets. This year, the El Paso (Texas) Employees Pension Fund and the Municipal Employees' Retirement System of Michigan both hired Janus for core-plus mandates totaling $600 million. Janus also made the finals list for the Louisiana Teachers' Retirement System's $400 million mandate for core-plus fixed income.