Janus Capital Group’s assets under management for the second quarter rose by 5.1% to US$160.6 billion from US$ $152.4 a year ago.
The company continued to be hurt by net outflows of investor funds in the quarter, with long-term net outflows of US$5.4 billion. Those outflows were partially offset by net market appreciation of US$2.2 billion.
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The Denver-based money manager reported a net income of US$15.8 million, or US$0.08 per diluted share for the second quarter, compared to US$23.4 million, or US$0.13 per diluted share in the year ago period.
The company’s total revenues rose to US$215.8 million from US206 million in the second quarter of 2012.
The company also announced its decision to promote its CFO Bruce Koepfgen to a newly created role as president of JCG.
Jennifer McPeek, who is currently senior vice president and treasurer and has been with the firm, will replace.
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