Janus Capital Group’s assets under management as of March 31 totaled $189.7 billion, up 3.6% from three months earlier and up 9% from a year earlier, the company announced in its first-quarter earnings release Thursday.
The increase was attributed to market appreciation totaling $5.6 billion and net inflows of $1.1 billion.
This is the second quarter in a row of net inflows, after 21 straight quarters of net outflows. That change in fortunes came after the firm hired William H. Gross in September to run its unconstrained bond fund.
Janus also reported $262.7 million in revenues for the first quarter, a 3.1% increase from the previous quarter and up 14.1% from the first quarter of 2014.
Net income, however, dropped 4.5% from the previous quarter to $44.6 million, although that still was a 46% increase over net income in the first quarter of 2014.