Alliance Capital, Janus Capital and Calamos Asset Management all reported increased in assets under management during February.
Alliance's assets under management were $545 billion at the end of the month, up $12 billion, or 2.3%, from the end of January. Institutional value equity products accounted for $7 billion of that increase, climbing 5.9% to $125 billion. Alliance's institutional growth equity products added $2 billion in assets in February, to $64 billion.
Janus had $134.4 billion in assets under management as of Feb. 28, up $1.7 billion, or 1.3%, from the month before as market appreciation of more than $2 billion offset net redemptions of $600 million. Excluding the firm's INTECH quantitative unit, assets under management edged up $400 million, or 0.4%, to $98.2 billion. Beginning in April, Janus will only report AUM flows on a quarterly basis.
Calamos reported $38.5 billion in AUM as of Feb. 28, up 2.6% from $37.5 billion a month earlier, said Maryellen Thielen, spokeswoman. The firm had $26.1 billion in assets under management at the end of February 2004. Mutual fund assets rose to $27.6 billion at the end of February, from $26.7 billion in January and $16.6 billion a year ago. Assets in separately managed accounts remained nearly flat, increasing to $10.9 billion in February from $10.8 billion a month earlier. The firm managed $9.5 billion in separate accounts at the end of February 2004.