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.”