At Janus Capital Group of Denver, September wasn't such a bad month. But folks there may not be breaking out the fluted champagne glasses -- yet. After a brutal bear market that wrought havoc on the tech-heavy firm, and then the fund scandal, the question of whether or not the firm is finally turning the corner still remains.
Last week, the company optimistically reported that total assets under management at Sept. 30 had risen to $130.2 billion, a 1.9% increase from $127.8 billion the month before. Janus attributed the increase to at least a temporary ebbing of net outflows, combined with $1.7 billion in gross inflows into its Enhanced Investment Technologies quantitative investment management subsidiary, known as Intech.