Assets under management at Janus Henderson Group fell 33.5% for the year ended Dec.31, to $287.3 billion, as net outflows hit the money manager over the course of the year.
For the quarter ended Dec. 31, however, assets under management grew 4.6%.
Net outflows totaled $36.5 billion for the year ended Dec. 31, compared to 2021 net outflows of $16.2 billion.
Equities assets under management dropped by 29.9 % to $171.3 billion as of Dec. 31 — the biggest decline among strategy groups for the year.
Assets in fixed income strategies saw a decline of 24.9% to $59.8 billion, while multiasset assets under management fell by 23.7% over the period, a financial update Thursday showed. Assets in alternative strategies were flat for the year a $10.7 billion.
Janus Henderson's overall assets under management increased in the fourth quarter compared to the third quarter due to growth in equities AUM, which increased to $171.3 billion from $161.8 billion.
Ali Dibadj, CEO of Janus Henderson, said in a comment accompanying the update that global market volatility and headwinds in 2022 created one of the most challenging investment backdrops in history.
"The current environment remains uncertain. Our focus will be to control what we can control and position Janus Henderson for growth. We have a strong balance sheet, good cash generation, disciplined investment teams and processes, and tight cost management, which are essential to delivering superior outcomes for our clients, employees, shareholders, and other stakeholders," he added.
Separately, DWS Group assets under management dropped by 11% to €821 billion ($876.4 billion) at the end of Dec. 31, with the decline driven by negative market developments and net outflows, an update said Thursday.
The firm also reported a 1.4% fall in assets under management for the quarter ended Dec. 31, to €821 billion.
Net outflows totaled €19.9 billion for the year and €1.6 billion for the quarter, compared with €47.7 billion in net inflows in 2021.
DWS said in the update that its active strategies excluding cash and passive strategies could not withstand the industrywide pressure on flows and suffered net outflows in 2022.
Active strategies excluding cash saw net outflows of €6.1 billion in the fourth quarter and net outflows of €7 billion in the third quarter of the year, DWS said. For the year, net outflows totaled €7.4 billion, compared to €9.9 billion in net inflows in 2021.
