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Janus Looks to Increase ETF Footprint With VelocityShares Buy

Janus Capital (NYSE: JNS), the mutual fund manager that recently hired bond legend Bill Gross, is making a foray into the exchange traded products industry with its $30 million acquisition of VelocityShares. Founded in 2009, VelocityShares is managed by Nick Cherney, Richard Hoge and Steve Quinn....
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