Janus Henderson Forty Fund’s Q1 2026 Investor Letter

Janus Henderson Investors, an investment management company, released its “Forty Fund” first-quarter 2026 investor letter. Fund returned -12.25% in the quarter, underperforming the Russell 1000 Growth Index (-9.78%). Despite this, its 10-year annualized returns are approximately 15%. The recent quarter’s challenges stemmed from volatility and stock selection in the consumer discretionary sector. Initially, strong economic growth supported the market, but shifts occurred due to the Middle...