American Skandia Closes Janus Small-Cap Growth Sub-Accounts to New Investors.Business Editors SHELTON, Conn.--(BUSINESS WIRE)--Jan. 18, 2000 American Skandia announced today the closing of the AST (AST Computer, Irvine, CA) A PC manufacturer founded in 1980 by Albert Wong, Safi Quershey and Tom Yuen (A, S and T). It offered a complete line of PCs that sold through its dealer channel. Janus Small-Cap Small-cap A stock with a small capitalization, meaning a total equity value of less than $500 million. small-cap 1. Of or relating to the common stock of a relatively small firm having little equity and few shares of common stock Growth Portfolio and the ASAF ASAF Assistant Secretary of the Air Force ASAF All Sales Are Final ASAF Allied Sportsmen's Associations of Florida, Inc. ASAF Amador Schools Arts Foundation (Amador County, CA) Janus Small-Cap Growth Fund to new investments effective January 19, 2000. The move is designed to protect the ongoing ability of Janus to effectively manage the funds, American Skandia officials stated. The AST Janus Small-Cap Growth Portfolio is offered as an investment option in variable insurance products issued by American Skandia while the ASAF Janus Small-Cap Growth Fund is a retail mutual fund. "The success of both the AST Janus Small-Cap Growth Portfolio and ASAF Janus Small-Cap Growth Fund has been tremendous," said Wade Dokken, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. at American Skandia, Incorporated. "The fact that both of these investment options' asset base reached investment capacity so quickly is a testament to American Skandia's rigorous investment selection process that allows us to choose the nation's premier investment managers to manage our portfolios. Certainly, this was the case with Janus portfolio managers William Bales and Jonathan Coleman Not to be confused with John Coleman. This article is about the television personality. For the the New Zealand politician, see Jonathan Coleman (politician). For the author, see Jonathan Coleman (author). ." "By closing the funds at this time, we will be able to continue managing them in the best interest of the shareholders," Bales and Coleman said. "We are pleased that American Skandia agreed with, and fully supported, our decision to close." Performance in each asset class remains at the heart of American Skandia's on-going investment manager selection process. American Skandia's fundamental strategy includes forming investment alliances that draw upon the collective experience, market savvy and depth of research of some of the world's finest World's Finest may refer to:
A qualified investment professional who assists individuals and corporations meet their long-term financial objectives by analyzing the client's status and setting a program to achieve these goals. have entrusted more than $34 billion in client assets across American Skandia's product lines, which include mutual funds, variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. , variable life insurance and 401(k) plans. Call 1-800-SKANDIA for a prospectus containing more complete information on charges, expenses and tax consequences. It should be read carefully before you invest or send money. Information about the company and its products can also be found on the company Web site at www.americanskandia.com. Variable insurance products are issued by American Skandia Life Assurance Corporation. Mutual funds are offered by American Skandia Advisor Funds. All products are distributed by American Skandia Marketing, Incorporated. American Skandia is located at One Corporate Drive, Shelton, CT 06484. |
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