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Janus Henderson Clients Pull Cash As Post-Merger Woes Persist

FYI: Janus Henderson Group Plc posted a seventh straight quarter of outflows, highlighting the asset manager’s continuing struggle to win over investors more than two years after it was created in a high-profile merger.

Clients pulled $9.8 billion out of Janus Henderson’s funds in the second quarter, taking withdrawals to $17.2 billion in the first six months of the year, according to a company statement on Wednesday. That keeps the pressure on Chief Executive Officer Dick Weil as he tries to turn the firm around during a tough period for asset managers, with investors increasingly shifting their money into low-fee index-tracking funds.

M* Janus Henderson Fund Family:


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