Picking stocks successfully is a rare talent — and sometimes key talent moves to greener pastures for the promise of better opportunities. Investors have the same quest — and are presented with a fine chance to invest with two proven managers who left Janus a few months ago to join Meridian Funds.
Chad Meade and Brian Schaub successfully guided Janus Triton (JATTX) from 2006 through part of 2013. In that time, the duo outperformed their benchmark Russell 2000 by an average of about 4.5% annually. The pair also managed the small-cap-oriented Janus Venture (JAVTX) for about three years and significantly improved performance on this fund while attracting assets as well.
As another benefit, they successfully were able to reduce risk on JAVTX, which had been a weakness of this fund under previous management.
However, now that they’ve gone to Meridian Funds, my interest is piqued. So … what are they managing now?