Janus Henderson sees stronger net flows following M&A deal
Global asset management firm Janus Henderson has reported impressive net inflows of over $2 billion during the year 2024. This positive result can be attributed to their augmented intermediary channel and successful merger and acquisition activities. The financial results for Q4 and the full year 2024 showed a substantial increase from the previous quarter, with quarterly net flows reaching $3.3 billion, up from $0.4 billion.
Janus Henderson highlighted the continued strength in intermediary flows and a marked improvement in institutional flows during the quarter. Intermediary flows surged by 94% from $1.8 billion in Q3 to $3.5 billion in Q4, while the institutional channel moved from net outflows of $0.5 billion in Q3 to net inflows of $0.9 billion. This significant improvement in both channels contributed to total net inflows of $2.4 billion for the full year, marking a significant recovery from the previous year’s net outflows of $0.7 billion in 2023.
The firm expressed satisfaction with this performance, noting that it represents a meaningful improvement compared to the challenges of the previous two years. In 2022, Janus Henderson experienced significant net outflows of $30.8 billion due to global market volatility. Despite a slight 1% decline in assets under management (AUM) from $382.3 billion to $378.7 billion in the final quarter of 2024, AUM increased by 13% over the full year to $334.9 billion.
Ali Dibadj, the CEO of Janus Henderson, expressed optimism about the firm’s progress in 2024. He highlighted the $2.4 billion in net inflows and the resulting new revenue generation in the second half of the year. Dibadj credited the collaborative efforts of their teams in executing their strategic initiatives aimed at protecting, growing, amplifying, and diversifying their business. This approach has led to growth across various channels and regions for the company.
Throughout the year, Janus Henderson pursued several merger and acquisition activities to enhance its private market capabilities. These strategic moves have strengthened the firm’s position in the market and contributed to its overall positive performance in 2024. The firm’s focus on expanding and diversifying its business through targeted acquisitions has proven successful in driving growth and attracting new investments.
Overall, Janus Henderson’s financial results for 2024 reflect a positive trajectory for the firm, characterized by improved net flows, revenue generation, and strategic acquisitions. The firm’s commitment to executing its business strategy and delivering value to investors has positioned it for continued success in the competitive asset management industry.