From the September 2007 issue of Research Magazine • Subscribe!

Positve New Inflows Return to Janus

As of the second quarter, Janus Capital Group's total assets under management stand at $190.6 billion, an increase of 8.2 percent compared with $176.2 billion in first quarter of 2007. The rise in assets is due to $10.3 billion in market appreciation and fund performance, as well as long-term net inflows of $2.8 billion and money market net inflows of $1.3 billion.

While Janus' INTECH subsidiary had long-term net inflows of $1.3 billion, the company's long-term net flows excluding the unit were $1.5 billion in the second quarter 2007 versus breakeven long-term net flows in the earlier period. The fund is Janus' first alternative-asset product and has a beta to the S&P 500 of 0.38 percent.

"This is the first time in six years that we've generated positive net flows from Janus-managed products," says CEO Gary Black. "We're also pleased with the marked improvement in our investment management operating margin. Our progress on these two fronts represents an important step in Janus' comeback."

Janus says its Janus Adviser Long/Short Fund Class I Shares (JLSIX) recently finished its first year of trading and ranked at the top of the 118 funds in its category, according to Morningstar, for trailing one-year results as of August 1, 2007. The fund has some $165 million in assets under management.

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Janet Levaux is the managing editor of Research; reach her at jlevaux@researchmag.com.

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