Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Thomas Bailey
Investors and Entrepreneurs

Thomas Bailey: founder of the Janus Capital mutual fund

24.06.2024
2 min read

Thomas Bailey: how the business developed after his departure

American businessman Thomas Bailey is a founder of Janus Capital, one of the country’s most significant mutual funds. The businessman has significantly contributed to developing the mutual fund industry and is highly respected in business circles.
Bailey was born in the United States in 1937. He holds a bachelor’s degree from the University of Michigan. Thomas studied science and art but never pursued them in his life. Instead, the future billionaire became interested in business and later earned an MBA from the University of Ontario.Thomas Bailey Janus

Developing his own business

Thomas did not come to finance traditionally. He was a fisherman and raised horses until he became interested in stock trading. After trying his hand on Wall Street, Bailey set up his own business in Denver in 1969. It was a mutual fund called Janus Capital Group. The company started with a few hundred thousand dollars in assets, and by 2008, it had grown to around US$188 billion. The company grew aggressively and went through several transformations in the 1980s:
– Kansas City Southern Industries became interested in the fund in 1984 and bought a controlling interest;
– Janus launched two new funds in 1985, including a small-cap unit;
– the first global fund appeared in 1991. The company also launched a range of financial products for investors;
– as the company grew, it spun off its financial division into a separate company, Stilwell Financial, in 1999.
Bailey remained at the fund’s helm but decided to step down in 2002. He sold his 12% stake to Stilwell. The transaction was worth US$1.2 billion. The financier managed to build a strong business that continued to develop despite the change in leadership.

The business without Bailey

Janus Funds offered investors a wide range of instruments and flexible terms of cooperation. These included the ability to invest in pension plans and variable insurance contracts.
One of the fund’s key success strategies was building a solid team of professionals. Bailey instilled this principle, which has remained essential to effective operations since his departure. In 2014, for example, two major figures in the financial world joined the team:
1. Myron Scholes took on the role of chief strategist in the investment division. He is a Nobel laureate and a Ph.
2. Bill Gross joined from Pimco. At Janus, he became the global strategy manager for the unconstrained bond sector.
The 2000s were a difficult time for the fund. It lost several investors but managed to recover. Today, Janus continues to run a successful business, having merged with Henderson in 2016.

Tags: Investors and Entrepreneurs
0
Previous Post Stone Island: the brand that won the hearts of millions of teenagers Next Post EU needs to increase exports to China

You Might Also Like

Chamath Palihapitiya bio
Investors and Entrepreneurs
Chamath Palihapitiya: the secret to success of a renowned venture capitalist
17.02.2024
Fred Smith
Investors and Entrepreneurs
Fred Smith: the man who gave the world express delivery
20.06.2020
Brian Chesky
Investors and Entrepreneurs
Brian Chesky, the founder of the online platform Airbnb, came to success
07.11.2020
Biography of Giorgio Armani
Investors and Entrepreneurs
Giorgio Armani: How the career of the Italian fashion designer began
04.08.2021
Carlos Helu
Investors and Entrepreneurs
Carlos Helu: The path to success for the richest man in Mexico
18.10.2020
Pavel Durov
Investors and Entrepreneurs
Programmer and businessman Pavel Durov: the story of the founding of VKontakte
24.07.2022

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics