The firm said assets declined between July and August by 6.7%. The company's assets under management totaled $195 billion at the markets' close Aug. 31. In addition, Stilwell said its average assets under management for the past eight months was $228 billion, a decline of 24.4% from $257.8 billion in December.
It is widely known that Janus funds invested heavily in technology stocks, which were bludgeoned flat by the falling Nasdaq during the past 18 months. A Stilwell spokesman, however, would not comment on the declines.