Assets under management at Janus Henderson Group increased 6.4% over the quarter and 0.6% for the year ended Sept. 30 to $358.3 billion, despite continued net outflows.
The money manager recorded $2.9 billion in net outflows for the third quarter, compared with $8.2 billion in net outflows for the previous quarter and $3.5 billion in net outflows for the quarter ended Sept. 30, 2019, according to an update Thursday.
Market and foreign exchange impacts were positive over the quarter, adding $24.5 billion to assets under management. That followed $50.5 billion in positive movements for the quarter ended June 30. For the quarter ended Sept. 30, 2019, markets and foreign exchange had a negative impact of $200 million.
Revenue was $568.5 million on a GAAP basis for the third quarter, up 9.7% over the three months and up 6.1% over the year. Net income was $118.9 million, up 15.5% for the quarter and 6.1% for the year.
Janus Henderson's investment strategies showed mixed performance relative to their benchmarks over one, three and five years. The update said 38% of equities AUM — accounting for $188.9 billion in assets as of Sept. 30 — outperformed their benchmark over one year, 53% over three years and 71% over five years. For the firm's $75.1 billion in fixed-income capabilities, 88% of AUM outperformed over one year, 92% over three years and 97% over five years.