Karen Reidy will resign as portfolio manager of the Janus Balanced and...

Karen Reidy will resign as portfolio manager of the Janus Balanced and Janus Core Equity funds on May 1, said Blair Johnson, spokesman. Ms. Reidy is exploring an opportunity to work in a "more strategic role" for Steve Scheid, Janus Capital CEO, Mr. Johnson said. He did not offer specifics about Ms. Reidy's new position. The Janus Balanced Fund will be co-managed by Marc Pinto, an institutional equity portfolio manager at Janus, and Gibson Smith, head of Janus' $6 billion fixed-income department and portfolio manager of the Janus High Yield and Short-Term Bond funds. Minyoung Sohn, manager of the Janus Growth & Income Fund, will assume responsibility for the Janus Core Equity Fund.

Arthur Barry will join Loomis Sayles on May 2 as vice president and portfolio manager, said Chris Lazzaro, spokesman. Mr. Barry will work with portfolio managers Warren Koontz and James Carroll in managing the firm's large-cap value investment strategies, reporting to Lauriann Kloppenburg, equity CIO. Mr. Barry replaces Jeff Wardlow, who left Loomis in July 2004. Mr. Barry was a senior vice president at State Street Research & Management, where he was co-portfolio manager for the State Street Research Large Cap Value Fund. Mr. Barry left SSRM at the end of January, prior to the firm's acquisition by BlackRock.

Steven J. Cowan, Gene Pohren and Stephen O'Neill were named managing directors of PCG International. Messrs. Cowan and Pohren were directors of private equity in the investment funds department of Overseas Private Investment Corp. Mr. O'Neill was managing director and founder of Battery Kemble, an investment advisory firm that was closed when he joined PCG, Mr. O'Neill said. Lawrence Spinelli, an OPIC spokesman did not return calls by press time.