Janus Henderson sees AUM up as it embarks on strategic plan

Janus Henderson AUM Ali Dibadj

7 August 2023
| By Laura Dew |
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Janus Henderson has seen a 4 per cent rise in assets under management (AUM) in its latest quarterly results. 

Reporting its results for the three months to 30 June, the asset manager said AUM was US$322 billion ($493 billion), up from US$310 million a year ago, thanks to market performance and depreciation of the US dollar.

This was divided between US$199.5 billion in equities, US$65.9 billion in fixed income, US$47.7 billion in multi-asset and US$9 billion in alternatives. The first three of these asset classes were up during the quarter while alternatives fell slightly from US$10.2 billion in the previous quarter.

During the quarter, it saw US$15.2 billion in inflows and US$15.7 billion in outflows, which resulted in net outflows of US$0.5 billion. In the previous quarter, it saw net inflows of US$5.5 billion.

Operating income for the quarter was US$117.9 million, a decrease of US$26 million on the same period a year ago as a result of lower revenue.

Ali Dibadj, chief executive of Janus Henderson, said the firm is in the early stages of a strategic plan to reposition, diversify and grow the business. Dibadj joined the asset manager last June 2022 from AllianceBernstein to replace Dick Weil. 

The plan includes creating a strategic roadmap, adding new hires and implementing cost efficiencies throughout the business. 

Last month, the firm appointed Marc Pinto as head of Americas equities, Lucas Klein as head of EMEA and Asia-Pacific equities, and Julian McManus as lead portfolio manager on the Global Alpha Equity team. It also announced a joint venture with Privacore Capital, a distributor of alternative investment products to private wealth clients.

Dibadj said in a statement: “Janus Henderson has delivered a tremendous amount of positive change over the last year and I am very pleased with our direction. We are in the initial stages of executing our strategic plan and early progress is tangible, as evidenced by delivering our two best net flow quarters in nearly three years.

“Our path to delivering consistent organic growth will not be linear and we remain encouraged with the momentum and activity levels in the business.”

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