Janus Henderson Group's assets under management dropped 13.1% for the quarter and fell 11.4% over the year ended Dec. 31, to $328.5 billion, reflecting market conditions and net outflows.
A financial update Tuesday said the money manager recorded $8.4 billion in net outflows in the fourth quarter, compared with $4.3 billion in net outflows in the third quarter and $2.9 million in net outflows in the fourth quarter of 2017.
The negative impact of market and foreign-exchange moves caused assets to decline $41.2 billion.
By asset class, equity AUM fell 15.8% for the quarter to $167.6 billion, and fell 11.6% over the year ended Dec. 31. Fixed-income AUM fell 2.8% for the three months and dropped 9.6% for the 12 months ended Dec. 31, to $72.4 billion. Quantitative equity assets dropped 16% for the quarter and 11.2% for the year to $44.3 billion. Multiasset strategy AUM totaled $30.2 billion as of Dec. 31, down 12.7% from Sept. 30 and down 4.4% from Dec. 31, 2017. Alternatives assets fell 17% during the quarter and declined 28% over the year to $14 billion.