Janus Capital Group
may be hurting, but one of its units is doing just fine. Enhanced Investment Technologies, or INTECH
, has raised $1.4 billion in new assets so far this quarter, Janus officials say.
INTECH officials expect to have $21 billion in assets by the year-end, according to a Reuters
report. Last year the unit had $12 billion in assets.
Janus owns 77.5 percent of INTECH. The unit accounts for some 15 percent of Janus' total assets under management, pegged at $127.8 billion.
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