Janus Henderson's 139% rise in Q3 income offset by merger-related costs
'Green shoots in the cross-revenue opportunities'
Andrew Formica is co-CEO of Janus Henderson
Janus Henderson has reported a 139% quarterly increase in net income for the third quarter, but after adjustments for acquisition and transaction-related costs income is down 18% on the previous quarter.
In its quarterly update released this morning, the group reported net inflows of $700m for the three months to 30 September while its average AUM is up by 5% to $360bn. Net income was more than twice...
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