Janus Henderson reports improved net flows post-M&A
Global asset manager Janus Henderson generated more than US$2 billion in net inflows during 2024, thanks to its strengthened intermediary channel and M&A activity.
Announcing its Q4 and full-year 2024 results to 31 December, the asset manager recorded quarterly net flows of US$3.3 billion ($5.3 billion), up from US$0.4 billion in the previous quarter.
The overall quarterly flows reflected continued strength in its intermediary flows and an improvement in institutional flows, Janus Henderson said.
Intermediary flows enjoyed a 94 per cent rise from US$1.8 billion in Q3 to US$3.5 billion in Q4, while its institutional channel improved from net outflows of US$0.5 billion in Q3 to net inflows of US$0.9 billion.
As a result, Janus Henderson’s total net inflows for the full-year period was US$2.4 billion, a notable recovery from net outflows of US$0.7 billion during the 2023 full-year period.
This marked a “meaningful improvement” compared to the past two years, the firm stated, having also suffered significant net outflows of US$30.8 billion in 2022 due to global market volatility.
While its assets under management (AUM) saw a slight 1 per cent decline from US$382.3 billion to US$378.7 billion over the final quarter of 2024, its AUM rose by 13 per cent over the full-year period from US$334.9 billion in 2023.
Ali Dibadj, chief executive of Janus Henderson, said the firm demonstrated signs of “continued, clear progress” in 2024.
“We are encouraged by the US$2.4 billion in net inflows in 2024, which led to net new revenue generation in the second half of the year. Our teams have worked together to execute our strategy to protect and grow, amplify and diversify our business, which is delivering growth across channels and regions,” Dibadj explained.
The asset manager made several M&A moves during last year, including the expansion of its differentiated private market capabilities through the acquisitions of Victory Park Capital from Pacific Current Group and NBK Capital Partners.
Janus Henderson also acquired European ETF provider Tabula Investment Management in 2024, which has a focus on fixed income and sustainable investment solutions.
“With the acquisitions of NBK Capital Partners, Victory Park Capital, and Tabula, we have expanded into differentiated private market capabilities and gained early access to the rapidly growing active ETF market in Europe.”
Looking ahead, Dibadj concluded: “As we enter 2025, our ongoing strategic efforts and execution are clearly starting to manifest in our results, and while we believe we are squarely on the path to deliver organic revenue growth consistently, we are not yet at our destination.
“There are still several strategic ambitions across the business that we believe can contribute to future sustainable growth.”
AUTHOR
Jasmine Siljic
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