Stilwell Financial said today that its assets under management totaled $193 billion at the end of 2001, a 12% gain from the end of September when the firm posted $170 billion in assets under management.
But, like many other complexes, Stilwell has faired poorly compared to 2000. Its assets under management have declined by about 25% since the end of 2000, when the figure totaled $257.8 billion.
Still, the company, which owns 98% of Janus Capital as well as Berger LLC and Nelson Money Managers, sees the gains of past months as reason enough for optimism. CEO Landon Rowland said the boost between September and December was mostly due to recovering markets. And he said Bergers recent acquisition of Bay Isle Financial Corporation has helped position Stilwell for a strong 2002.
That acquisition, completed Dec. 31, brings $1 billion in assets into the Berger coffers, raising Bergers total assets under management to more than $8 billion.