Henderson Group’s assets under management (AuM) stood at £67.9 billion (US$105.4 billion) for the six months ended 30 June 2013, a 6.7% increase compared to £63.6 billion (US$98.8 billion) for the same period last year.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The group’s underlying profit before tax was £101.1 million, an increase of 22.1% compared to £82.8 million for the corresponding period a year ago.
Total income increased by 14.4% to £268 million from £234.1 million in the first half of 2012. The group stated that the total income was driven principally by an increase in performance fees earned compared to the first half of 2012, particularly in the Offshore Absolute Return and European SICAV fund ranges.
Commenting on the results, Andrew Formica, CEO of Henderson Group, said: "I am delighted to be reporting a record set of interim results. The strategic initiatives we have made to reposition the group are having a positive impact and generating momentum across Henderson in terms of both our client and financial performance.
"The continued strong investment performance on behalf of our clients has in turn translated to an improvement in retail flows, with approximately £600 million of net retail inflows in the first half.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"Our strong financial position is enabling us to continue to invest in both our investment and distribution capabilities to further our growth. With these solid foundations in place and our strong cash generation and sound balance sheet, I am confident about the outlook for the group."
