Janus Henderson posts lower AUM

Janus Henderson Group has reported US$287.3 billion in assets under management (AUM) for the 2022 calendar year, representing a drop of 34 per cent compared to a year earlier.

In its fourth quarter and full-year results released on Friday, the global fund manager disclosed US$36.5 billion in net outflows for 2022, up from US$16.2 billion in 2021.

Market and currency movements took an US$80.2 billion hit to the firm’s AUM during 2022, compared to a positive impact of US$46.9 billion in the previous year.

However, Janus Henderson noted that its AUM at the end of Q4 2022 increased by 5 per cent versus the previous quarter, thanks to market performance and US dollar depreciation.

This was reported to have been partially offset by US$11 billion of net outflows during the quarter, of which US$7 billion was from previously announced redemptions.

“The global market volatility and headwinds in 2022 created one of the most challenging investment backdrops in history,” commented Janus Henderson chief executive officer Ali Dibadj.

“Amidst these extreme conditions, I am proud of the tremendous amount of work completed during the year as we reposition Janus Henderson.”

Janus Henderson recorded a revenue of US$515.2 million in Q4 2022, down from US$697.2 million in Q4 2021. Adjusted diluted earnings per share of US$0.61 was reported for Q4 2022 compared to US$1.05 for Q4 2021.

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

“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.”

The Janus Henderson board has declared a fourth quarter dividend of US$0.39 per share.

The firm noted that US$358 million in capital had been returned through dividends and share buybacks during 2022.

Jon Bragg

Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.