Janus Capital announced Wednesday that Gibson Smith, its fundamental fixed-income chief investment officer, will be leaving the firm in the first quarter to spend more time with his family.
Mr. Smith is responsible for co-managing 11 fixed-income strategies at the firm. The largest of which -- the $14.1 billion core-plus fund, has outperformed its benchmark by 181 basis points annually over the past 10 years.
Data through Sept. 30 show that the fund outperformed 84% of its peers over that period.
The company’s stock was down nearly 5% in trading on Wednesday.