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Asset manager Janus Henderson Group Plc. recorded a higher net outflow than expected in the fourth quarter, according to a Bloomberg report.
Net outflows stood at $5.2 billion during the quarter, higher than the $3.56-billion expected by the market. This marks the 17th straight quarter that the company recorded net outflows.
Janus Henderson earlier announced the appointment of Trian Fund Management Co-founders Nelson Peltz and Ed Garden in its board. Trian holds 17% in Janus Henderson and has been in talks to boost performance.
Janus Henderson is looking to sell Intech Investment Management to a group of quantitative equities business’s management and other investors. Its assets under management stood at $39.3 billion as of end-September.
Janus Henderson’s assets under management stand at $432 billion, up from the $330 billion it had during the time of its merger in 2017.
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