Janus Henderson suffers $10.2bn in outflows in year of merger

Merger completed in May 2017

Janus Henderson returned to net outflows in fourth quarter with net redemptions of $2.9bn, although it saw inflows of $700m in the third quarter, the company reported in its full year results for 2017.

The net outflows were largely driven by outflows from the firm's quantitative equities and equities strategies. In total the firm saw net outflows of $10.2bn in 2017, an increase from the net outflows of $8.4bn endured in 2016. However, assets under management increased to $370.8bn in Q4, up 16% from $319.2bn in 2016, a 3% increase on the $360.5bn in AUM in Q3. The growth in assets was driven by markets and currency, with 76% of the strategies (in terms of AUM) outperforming their respective benchmarks in 2017. The merger between Janus Capital Group and Henderson Global Investors c...