The listed global fund manager saw an almost 30 per cent increase in first-half revenue as the majority of its funds outperformed the benchmark.
In a statement, Janus Henderson reported revenue of US$1.38 billion for the six months to June 2021, up 29 per cent from its 1H20 result of US$1.07 billion.
The company said it had seen operating income for the June quarter rise to US$225 million from US$192.5 million in the March quarter.
Around 66 per cent of Janus Henderson’s total assets under management had outperformed the benchmark on a three-year basis, with 63 per cent of assets outperforming on a five-year basis, the group said.
“Second quarter financial results were extremely strong, reflecting growth in assets due to positive markets and good investment performance which translated into significant performance fees, adjusted operating income and EPS,” Janus Henderson chief executive Dick Weil said.
“While we continue to make progress towards sustained organic growth, we are winning high-quality new business which is driving our net management fee rate higher during a period of fee compression in the industry.”
The company, which is listed on the ASX and the New York Stock Exchange, also announced a US$200 million share buy-back to commence later in the year.
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