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

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

Rating:Janus Henderson's Avg AUM Ticks Up, But ... Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, November 14, 2019

Janus Henderson's Avg AUM Ticks Up, But ...

Reported by InvestmentWires Staff, 

London-based Janus Henderson's Q3 2019 earnings reports reveal that its average AUM rose slightly last quarter, though its quarter-end AUM slipped.

Richard MacCoy Weil
Janus Henderson Group plc
The team from Janus Henderson released its 2019 Q3 data, and the firm has a total AUM of $356.1 billion as of September 30, 2019, down 1 percent compared to $359.8 billion at the end of 2019 Q2 and down 4.8 percent compared to $378.1 billion at the end of 2018 Q2. The decrease in total AUM for 2019 Q3 is due to net outflows of $3.5 billion and weaker markets. Yet Janus Henderson's average AUM for Q3 2019 was $358.2 billion, down 4.9 percent from Q3 2018 but up 0.1 percent from Q2 2019.

Dick Weil, CEO of Janus Henderson, highlighted performance and outflows from INTECH, the quantitative investment management arm of Janus Henderson. In an earnings call ( as transcribed by Seeking Alpha, he told analysts that "INTECH had net outflows of $2.4 billion in the quarter, which is an improvement from the prior quarter, however given the weakness in the longer-term investment performance and the low sales pipeline, the business remains a key area of concern."

Weil also highlighted an area of expansion for Janus Henderson. According to Weil, management has "hired what [they] believe will be an exceptional GEM team, filling a key gap."

The firm beat analysts' estimates for Q3 2019 non-GAAP earnings per share by $0.03 at $0.64, up from non-GAAP earnings per share of $0.61 in Q2 2019. However, Q3 2019 GAAP earnings per share of $0.56 fell short of estimates by $0.01. Revenues of $536 million beat estimates by $2.06 million.

Although Janus Henderson faces some "continuing real challenges," Weil says, the team "is building the right culture; the talent is applying itself well and we're starting to produce improved results." (Weil was responding to a question from Andrei Stadnik, a vice president at Morgan Stanley.)

Of Janus Henderson's total AUM at the end of Q3 2019, 37 percent ($131 billion) was from institutional clients, 45 percent ($159.8 billion) was from intermediary clients, and 18 percent ($65.3 billion) was from self-directed clients. 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q1
2021: Q4Q3Q2Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use