April 17, 2003 — Janus Capital Management said international fund manager and investment chief Helen Young Hayes will retire in June.
Hayes, who has been with the Denver-based mutual fund company for 16 years, has managed the Janus Worldwide Fund (JAWWX) since its inception in 1991, and has run Janus Overseas Fund (JAOSX) since it began operations in 1994.
Laurence Chang will succeed Hayes as lead manager of the Worldwide fund, which he has helped oversee since late 1999. Chang also served as Hayes’ co-portfolio manager on the Overseas fund from 1998 to 2000. Douglas Kirkpatrick continues as co-manager of the Worldwide fund.
Brent Lynn will replace Hayes on the Overseas fund, which he has helped run since 2001. Garth Yettick, an analyst, was promoted to assistant manager of the fund.
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Both funds generated strong returns and topped their peers in the 1990s, but have slipped since.