Janus Capital assets down for quarter, year
By Randy Diamond | January 24, 2013 4:15 pm
Janus Capital Group reported total assets under management of $156.8 billion as of Dec. 31, a 0.9% decrease from the previous quarter and a 5.8% increase from the year-earlier quarter, the company announced on Thursday.
This was Janus' 14th straight quarter of redemptions, with net outflows excluding money market funds of $3.6 billion for the quarter, up 80% from the previous quarter and up 11% from the year-ago quarter.
The company reported its biggest outflows in its quantitative equity INTECH division in the fourth quarter, with $1.6 billion of net outflows. INTECH manages $40.2 billion, or 25.6% of Janus's total AUM.
In contrast, fixed-income assets, which make up less than 20% of the company's assets under management, had $700 million of net inflows in the fourth quarter.
Janus Capital Group reported net income of $31.2 million for the fourth quarter, up 24% from the prior quarter and down 13% from the same quarter a year earlier.
Total revenue for the quarter was $216.6 million, up 3.6% from the previous quarter and a 0.5% decrease from the same quarter a year earlier.