Janus Capital Group eked out a 1.2% increase last month in its overall assets, with gross sales of the firm's long-term investments rising more than 35% in December, Reuters reports.
The news is music to the ears of the firm's investors who endured tremendous volatility after regulatory problems spurred billions of dollars in outflows and prompted resignations by a handful of senior officials.
Janus' Intec subsidiary, a quantitative money management group, sustained the firm's sales in previous months, but investors are apparently returning to other types of portfolios than money market funds.
Omitting Intech, which achieved record inflows totaling $1.6 billion in December, and money market funds, Janus' assets reached $126.3 billion in December. Sales of long-term investments surpassed Intec's inflows for the third straight month in November.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.