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Janus Capital Group Inc.’s Scott Schoelzel, manager of the $10.4 billion Janus Twenty Fund, plans to leave after 14 years with the company.
Schoelzel, 49, who also oversees the Janus Adviser Forty Fund and the Janus Aspen Forty Portfolio, will step down at the end of 2007, Denver-based Janus said today in a statement. Ron Sachs will replace Schoelzel as manager of the funds.
The Janus Twenty Fund has climbed 9 percent this year to beat 97 percent of its rivals that invest in large-company stock funds, Bloomberg data show.
