Early Life
Thomas H. Bailey was born on July 3, 1937. Bailey spent his early years in Ontario and Michigan. After high school, he pursued higher education, earning a bachelor's degree from Michigan State University, followed by an MBA in Finance at the Ivey Business School at the University of Western Ontario. He began his career in 1964 as a securities analyst on Wall Street.
Rise to Success
In 1969, Bailey founded Janus Capital Group in Denver, Colorado. The company grew to become one of the largest and most respected equity investment managers. His innovative thinking and commitment to a research-intensive culture solidified his legacy in the financial community. He served as CEO for 33 years and chairman through 2003. Bailey sold his 12% stake in Janus for $1.2 billion (pretax) in 2001-2002.
Key Business Strategies
Bailey focused on attracting and retaining top investment talent. This strategy allowed the firm to thrive and earn numerous accolades. His approach emphasized finding dynamic, well-run companies, regardless of size or industry. The Janus Fund achieved national recognition with outstanding performance in the early 1970s.
Philanthropy
Bailey's unique approach to business also reflected in his support of the community through The Janus Foundation, offering academic education programs to at-risk youth. He was also a dedicated steward of land preservation.