(Bloomberg) -- Janus Capital Group, the firm that hired bond legend Bill Gross in September, said profit rose 46% in the first quarter as the market rally lifted assets and its funds attracted new money.

Net income increased to $44.6 million, or 23 cents a share, from $30.5 million, or 16 cents, a year earlier, the Denver-based firm said in a statement. Earnings beat the 21-cent average per-share estimate of five analysts surveyed by Bloomberg.

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