Janus Henderson's 139% rise in Q3 income offset by merger-related costs

'Green shoots in the cross-revenue opportunities'

Janus Henderson has reported a 139% quarterly increase in net income for the third quarter, but after adjustments for acquisition and transaction-related costs income is down 18% on the previous quarter.

In its quarterly update released this morning, the group reported net inflows of $700m for the three months to 30 September while its average AUM is up by 5% to $360bn. Net income was more than twice last quarter's $42m figure at $99.5bn though net income on an adjusted basis, adjusted for acquisition and transaction-related costs, were down 18% from $140m to $114m. However, the firm reported its integration efforts since the closing of the merger between Henderson Global Investors and Janus Capital were "progressing ahead of expectations". As at 30 September, $72m worth of annuali...