Janus Capital Group enjoyed the benefits of the market recovery and increased demand for its fixed income funds as it posted strong profits for the fourth quarter.

The Denver-based money manager reported a profit for the fourth quarter of $37 million, or 20 cents per share, compared to a profit of $8.2 million, or 5 cents per share in the third quarter. Assets under management increased 8.5% over the quarter to $155.2 billion.

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