Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Another Big Ouch for Janus Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, July 27, 2012

Another Big Ouch for Janus

News summary by MFWire's editors

Here's more on declining earnings from Janus Capital Group [profile]. Earnings for the money manager took a hit in the second quarter, with profit down by 44 percent thanks to falls in both revenue and assets under management.

Net income for Janus fell to $23.4 million, or 13 cents a share, from $41.9 million, or 23 cents, the same quarter a year prior. Analysts surveyed by Bloomberg had expected earnings of 14 cents per share.

Meanwhile, revenue fell 22 percent to $206 million, while AUM fell by 7.1 percent to $155 billion from $171.6 billion a year ago.

So what accounts for what Bloomberg reports is the firm's 12th quarter of redemptions?

"Janus is heavily skewed toward equity retail mutual funds and retail investors continue to avoid those types of products," Sandler O'Neill & Partners LP analyst Michael Kim told Bloomberg.

The Wall Street Journal did note Janus' efforts to improve its less-than-stellar investment performance and client outflows, such as by using a hedging program to protect its balance sheet from the market volatility of its "seeded" investment products.

Janus shares closed at $6.80 on Thursday.  

Edited by: Irene Park


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF Director Discussion Series - Open Forum via Zoom, January 27
  2. Nicsa webinar - Investment Data Science: A World Outside of Spreadsheets, January 27
  3. MFDF webinar - Post-Election Insights on Regulations and Issues That Affect Mutual Funds, January 28
  4. MMI Executive IQ Webinar: The 2021 Leadership Imperative, January 28
  5. ICI webinar - DOL's Stance on ESG Investments: A Look Ahead to 2021 and Beyond, January 29
  6. MFDF webinar - A New Fair Valuation Framework for Fund Directors, February 3
  7. MFDF Director Discussion Series - Open Forum via Zoom, February 10
  8. ICI webinar - ESG Fund Investing: The 2021 Landscape, February 16
  9. MFDF Director Discussion Series - Open Forum via Zoom (West Coast), February 24
  10. NICSA 2021 Strategic Leadership Forum, Feb 24-26
  11. IDC Foundations for Fund Directors, Mar 1-2
  12. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  13. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  14. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
  15. MFDF Director Discussion Series - Open Forum via Zoom, March 24
  16. MFDF Director Discussion Series - Open Forum via Zoom, April 7
  17. ETF.com Awards 2020, April 20
  18. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  19. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  20. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  21. ICI 2021 General Membership Meeting - Day 1, May 6
  22. ICI 2021 General Membership Meeting - Day 2, May 13
  23. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  24. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  25. ICI 2021 Operations and Technology Conference, May 20
  26. MFDF 2021 Fund Governance & Regulatory Insights Conference, Jun 10-11




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use