Mr. Bogle said senior executives and portfolio managers should be required to disclose their stakes along with their trading records.
Yet Mr. Brody says it has become easier to hire executives for portfolio companies, noting that in the past year and a half "there has been an awakening among traditional executives" that entrepreneurship can be a more viable career option.
While Janus's founder, Thomas Bailey, is no longer discussing the spinoff publicly, industry observers now think executives and portfolio managers will probably continue to push for independence, rather than walk away.
Investors receive an owner's manual, an activity book, profiles of companies in the fund and a chance to pose questions to the chief executives of portfolio companies.
"Everything is overpriced," said Harry Rady, chief executive and portfolio manager of Rady Asset Management.
Sure, said Richard A. Ferri, the chief executive of Portfolio Solutions, which is based in Troy, Mich.
Having spent eight years without an executive branch portfolio, a good many registered Republicans seem interested in the posts.
J. Stephen Lauck, chief executive and portfolio manager at Ashfield Capital Partners in San Francisco, said impressions about the health of the financials would continue to shape investor sentiment.
"What will make the biggest difference for Dewey is having a successful academic environment at Lafayette," said Garth Harries, chief executive for portfolio development at the Education Department.
Sarah H. Ketterer, 42 Chief executive and portfolio manager, Causeway Capital Management BOOK -- "The Rough Guide History of Islam" by Justin Wintle (2003) WHY -- "From the seventh century, Islam has struggled with its fragmentation and diversity, and has faced external enmity.
