US asset manager Janus Capital has reshuffled its portfolio management team after it announced the departure of its third fund manager in as many months, continuing an exodus sparked by a revamped compensation structure.

Minyoung Sohn is to leave Janus. Yesterday portfolio manager Marc Pinto took over Sohn's $7.1bn (€4.84bn) Janus growth and income fund and related products. Director of research Jim Goff took over the $1.3bn Janus fundamental equity fund and related funds.