Stilwell will be even more heavily dependent on Janus than was Kansas City Southern.
"We buy companies that are surrounded by negativity," said Robert A. Olstein, manager of the Olstein Financial Alert fund, which has been loading up on Janus Capital shares.
The New York attorney general, Eliot Spitzer, demanded the fee reduction of $125 million over five years even though, according to Morningstar, fees on Janus mutual funds are already below average.
We also learn that his predecessor was widowed on Janus, his wife having thrown herself from a cliff, and lost his reason; yet that hint of a haunted spot or of a curse is unfulfilled.
Given the mythology already at work here, Mr. Janas's habit of naming the paintings for himself suggests a play on Janus, the two-faced Roman god who gave us "Janus-faced," meaning hypocritical or deceitful.
Tom, traumatised on the western front, takes a job as lighthouse keeper on Janus Rock, 100 miles off the Australian coast between the Indian and Southern oceans, where he hopes that the vast surrounding emptiness will bring him peace.
Stilwell Financial is more of a pure play on Janus than the old Kansas City Southern: the fund company represents more than 90percentt of Stilwell's revenue and operating income.
The price for his shares is based on Janus's profits the year before.
