Janus Capital Group reported assets under management of $166.7 billion in the third quarter, up 3.8% from the prior quarter and 5.4% from a year ago.
Market appreciation added $10.3 billion, but was more than offset by outflows.
Clients withdrew a net $4.2 billion in the quarter ended Sept. 30, the company's 17th consecutive quarter of outflows tied to performance issues.
Net outflows of $4.2 billion for the third quarter, compared to $5.4 billion for the previous quarter and $2 billion in net outflows in the year-earlier quarter.
Fundamental equity long-term net outflows totaled $4.9 billion in the third quarter, while Janus' quantitative oriented INTECH division gained $700 million in net inflows.
Net income of $32.6 million more than doubled in the third quarter from the previous quarter and was up 29.9% from the year-earlier quarter.