Hedge Funds

Mutual fund shop Janus to launch hedged strategy

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Janus Capital Group, the Denver-based mutual fund giant, is entering the alternatives business with the launch of the Janus Advisor Long/Short Fund, which aims to produce returns uncorrelated to the equity market. The move comes as the lines between traditional asset managers and alternative managers continue to blur.

Though a novice to hedge funds, Janus is a major player in the mutual fund world, managing $139.4 billion as of September 30, 2005.

The new fund, expected to launch on March 31, can short stocks, trade options, futures, exchange-traded funds and other index-based instruments. It also can employ leverage, according to