• Franklin Resources Inc., San Mateo, Calif., reported $491.6 billion in assets under management for the quarter ended March 31, the firm's fiscal second quarter. Assets are up 5.7% from the previous quarter and 19% from a year ago, according to a news release.
• Federated Investors Inc., Pittsburgh, reported assets under management of $217.5 billion, up 1.9% from the previous quarter and 22% higher than the first quarter 2005. Net income for the latest quarter came to $48.9 million, down 6% from the previous quarter but up 596% from a year earlier, reflecting a $52.9 million pretax charge related to regulatory, legal and compliance issues the firm took during the first quarter 2005. Revenues for the latest quarter came to $238.8 million, little changed from the previous quarter but up 18% from the first quarter 2005.
• MFS Investment Management, Boston, reported assets under management of $170 billion, up 4.5% from the previous quarter and 17% higher than a year ago, according to a news release by parent Sun Life Financial. The quarterly increase was attributed to market appreciation, as mutual fund redemptions offset $1.4 billion in net institutional sales to leave the Boston-based firm with net outflows of $300 million. MFS generated net income of $45 million for the parent company, up 22% from the first quarter 2005. Revenue for the quarter came to $360 million, up 1.7% from the previous quarter and an 8.4% increase from the first quarter 2005.
• Janus Capital Group, Denver, reported $158.1 billion in assets under management, up 6.4% from the previous quarter and 20% from the first quarter of 2005, according to a news release. Net inflows for the first quarter totaled $3.5 billion. Janus subsidiary INTECH had assets of $50.6 billion in the first quarter, up 13% from the previous quarter and 83% from March 31, 2005. INTECH had net inflows of $4 billion in the first quarter.
"On the institutional side, we built on our momentum by delivering record sales of nearly $5 billion last quarter," Janus CEO Gary Black said in a news release.
• The Phoenix Cos., Hartford, Conn., reported $37.1 billion in assets under management, down less than 1% from the end of December, according to an SEC filing. For the year ended March 31, total AUM declined roughly 14%. New outflows for the year were driven by "continued redemptions in certain equity strategies, primarily offered in institutional products and managed accounts," according to the filing, which did not offer further details on the assets under management.
• Cohen & Steers, New York, reported $23 billion in assets under management, a 12.1% increase from the previous quarter, according to an SEC filing. For the year, Cohen & Steers' assets increased 29.2%. The company attributed the increase to the growth of its global and international real estate securities portfolios, which had inflows of $452 million during the first quarter. It also reported that its growth was driven by Brussels-based subsidiary Houlihan Rovers, which increased its assets by 29.3% during the quarter to $2 billion.
