Aided by a strong tailwind from market appreciation, Janus Capital Group reported an increase in profits in the first quarter as assets under management and revenue rose.The Denver mutual fund company’s earnings increased 21% to $37.9 million, or 21 cents per share, from a year earlier. Revenue was up 7.5% to $265.4 million.

Analysts forecasted earnings of 20 cents per share on $268 million in revenue, according to Thomson Reuters.

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