Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Janus Henderson Q1 net income down 3pc

Janus-Henderson/q1/

10 May 2018
| By Nicholas Grove |
image
image image
expand image

Janus Henderson Group’s (JHG) first-quarter net income, adjusted for one-off items, fell 3 per cent on the fourth quarter of 2017 to US$143.6 million, with adjusted earnings per share down from US$0.73 to US$0.71, the global asset manager said.

The dual-listed Janus Henderson, which was formed from the merger of Janus Capital Group and Henderson Group in May 2017, said its assets under management (AUM) in the quarter stood at US$371.9 billion, on the back of positive market performance and favourable foreign exchange movements.

Investment performance was strong across all time periods, with 79 per cent, 68 per cent and 84 per cent of AUM outperforming benchmarks on a one, three and five-year basis, respectively, as at 31 March 2018, Janus said.

The fund manager declared a quarterly dividend of US$0.36 a share, up 13 per cent on the preceding quarter.

“Against the backdrop of elevated market volatility, we are pleased to have maintained robust investment performance through the quarter,” Janus Henderson co-CEOs, Dick Weil and Andrew Formica, said.

“As an active asset manager, dynamics like those seen in the first quarter allow us to demonstrate our value to clients in helping them achieve their long-term financial goals.

“As we approach our first anniversary as Janus Henderson, we are pleased with the pace of integration and that we have already exceeded our year one target of US$90 million in run-rate net cost synergies.”

 

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

5 days 9 hours ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

4 weeks 2 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

1 week 1 day ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

2 weeks 1 day ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

2 weeks 2 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND