Janus Gives Performance Update

Janus Capital Group says its full-year 2008 net income was $138.4 million, or $0.86 per share, vs. $192.0 million, or $1.07 per share, for 2007. As a result of the recent difficult market environment, average assets under management declined 32 percent to $124.3 billion during the fourth quarter 2008, reflecting $34.0 billion of net market depreciation and $3.0 billion of long-term net outflows.

Relative long-term investment performance, according to the company, remains strong with about 55 percent, 79 percent and 83 percent of firm-wide mutual funds in the top half of their Lipper categories on a one-, three- and five-year total-return basis respectively as of December 31, 2008.

“The investments we’ve made in the business have positioned the firm for the future,” explains CEO Gary Black.