Janus Henderson’s AUM up in Q4

Oksana Patron

6 February 2023

Market performance and US dollar depreciation helped drive Janus Henderson’s assets under management (AUM) up 5%, counting quarter-on quarter, to US$287 billion at the end of December, 2022.

However, the result was partially offset by US$(11) billion of net outflows, of which US$(7) billion was from previously announced redemptions.

By comparison, AUM in Q4 2022 were significantly lower counting year-on-year with US$432.3 billion in AUM at the end of 2021.

The company said that foreign exchange (FX) reflected movement in AUM which resulted from changes in foreign currency rates as non-US$ denominated AUM was translated into US$ and redemptions included impact of client switches.

Janus’ chief executive, Ali Dibadj, also stressed that the most challenging investment backdrop in history, created by the global market volatility and headwinds in 2022, forced the firm to repositioning which included a creation of strategic roadmap, adding leadership talent to its board of directors and implementation cost efficiencies to “provide the ‘Fuel for Growth’ to reinvest in the business growth”.

“The current environment remains uncertain. Our focus will be to control what we can control and position, Janus Henderson for growth,” he said.

“We have a strong balance sheet, good cash generation, disciplined investment teams and processes, and tight cost management, which are essential to delivering superior outcomes for our clients, employees, shareholders, and other stakeholders.”

Fourth quarter 2022 operating income was US$67.8 million compared to US$120.7 million in the third quarter 2022 and US$157.6 million in the fourth quarter 2021.

The board declared a quarterly dividend of US$0.39 per share, returned US$358 million in capital through dividends and share buybacks in 2022.