Henderson sees AUM hit £67bn after market boost

Henderson Group today reported growth of more than £2bn in assets under management for the first quarter of 2012 as market gains offset outflows.

The FTSE 100 listed asset manager said assets under management had risen to £66.7bn by the end of March, up £2.4bn. The gains came primarily from the rise in equity markets seen since the start of the year, with market and currency moves adding £3.2bn to the group's assets. Currency and market gains - particularly from equities - offset outflows, primarily from its institutional book. The group said there was a net outflow of £610m from its institutional business, as well as £110m of outflows from its retail funds. In the short update, the group added positive net flows into its...