Janus Capital Group reported $174.1 billion in assets under management as of March 31, up 0.1% from three months earlier and up 6.3% from the previous year.
Investment returns of $1.9 billion barely outpaced net outflows of $1.7 billion for the quarter, according to an earnings report released by the firm on Tuesday. It is the 19th straight quarter the company has suffered net redemptions.
The largest net redemptions for the money manager were in value equity funds and strategies, at $1.8 billion, while net redemptions in growth/core equity funds and strategies totaled $600 million.
Net redemptions in the firm's INTECH mathematical equities division totaled $200 million.
Fixed income partially offset the redemptions in equities with net inflows of $800 million, while global/international equity also had net inflows totaling $100 million.
Net redemptions in the first quarter were down from $6.2 billion in the quarter ended Dec. 31 and $4 billion from the year-over-year quarter.