Janus Capital Group says it had income from continuing operations of $8.2 million in the third quarter of 2009 vs. $26.0 million a year ago. Average assets under management during the third quarter increased 12.9 percent to $143.1 billion from the second quarter.
As of September 30, the company's total AUM was $151.8 billion vs. $160.5 billion a year earlier.
The increase in firm-wide assets during the third quarter primarily reflects $20.0 billion of market appreciation and long-term net outflows of $0.6 billion. Janus and Perkins long-term net inflows totaled $1.3 billion and $0.6 billion, respectively, while INTECH long-term net outflows totaled $2.5 billion.
Relative long-term investment performance remained strong with approximately 79 percent, 88 percent and 86 percent of the firm's mutual funds in the top half of their Lipper categories on a one-, three- and five-year total-return basis, respectively. In addition, 64 percent of the firm's mutual funds have four or five stars from Morningstar.