However, Blake's changes, including the incentive mechanism, risk control and the role shift of analysts, made the team of fund managers unstable, and some good investors began to withdraw from Jenas fund. This makes the investment attitude of Morningstar analysts to Janus fund falls back to the wait-and-see level. Although Jenas still has some senior fund managers, but investors need to consider the team of fund managers before investing
In the latest trust responsibility rating of Morningstar, we have lowered the corporate culture rating of Janus fund from C to d. This is because Morningstar regards the stability of the management team as a major part of the corporate culture. However, many analysts and fund managers of Janus cast a vote for Janus' corporate culture with their departure. What's more, Janus is losing its executives, including CFOs and members of the Advisory Group.