(Bloomberg) -- Janus Capital, the fund company merging with Henderson Group, said fourth-quarter profit fell 34% as investors pulled cash amid lackluster performance.

Net income fell to $29.8 million, or 17 cents a share, from $45 million, or 25 cents, a year earlier, the Denver-based money manager said. Adjusted earnings of 20 cents a share missed the forecast of 24 cents by nine analysts surveyed by Bloomberg.

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