April 23- Asset manager Janus Capital Group reported a 24 percent rise in first-quarter profit due to lower expenses a charge taken a year ago. For the three months that ended March 31, the Denver company's net income rose to $28 million, or 15 cents per share, from $22.6 million, or 12 cents per share, a year earlier.
April 9- Janus Capital Group Inc on Tuesday named Enrique Chang chief investment officer of equities and asset allocation, as the firm seeks to improve the performance of lagging stock funds and expand a small line-up of alternative funds.
April 9- Denver asset manager Janus Capital Group Inc on Tuesday named Enrique Chang to the post of chief investment officer of equities and asset allocation, as the firm seeks to improve the performance of lagging stock funds and expand a small line up of alternative funds.
Net income for Franklin's fiscal first quarter through Dec. 31 totaled $516.1 million, or $2.42 per share, compared with $480.8 million, or $2.20 per share, a year earlier, the San Mateo, California- based firm said. Investors lauded the results, sending shares of Franklin up $2.09, or 1.5 percent, to $138.97 on the New York Stock Exchange.
Jan 31- Money manager Invesco Ltd, which runs the Powershares brand of exchange-traded funds, said its fourth-quarter profit slipped 22 percent as the firm gathered less new money from customers than in prior quarters.
Jan 31- Money manager Invesco Ltd, which runs the Powershares brand of exchange-traded funds, said its fourth-quarter profit slipped 7 percent as the firm gathered less new money from customers than in prior quarters.
*Profit 17 cents per share vs Street view 14 cents. Jan 24- Money manager Janus Capital Group Inc reported on Thursday that customers kept withdrawing cash from its mutual funds in the fourth quarter, even as it reported a quarterly profit that topped estimates, disappointing shareholders who had hoped for a faster turnaround.
*Profit 17 cents/ share vs Street view 14 cents. Performance fees topped forecasts, but so did compensation costs, Sandler O'Neill analyst Michael Kim wrote in a research note. The Denver- based company finished the quarter with $156.8 billion under management, down from $158.2 billion at Sept. 30.
Jan 24- U.S. asset manager Janus Capital Group Inc said fourth-quarter earnings fell 13 percent as costs rose and customers continued to pull cash from its funds. Janus of Denver on Thursday reported net income of $31.2 million, or 17 cents per share, for the period, down from $35.7 million, or 19 cents per share, a year earlier.
Jan 24- Asset manager Janus Capital Group Inc said fourth-quarter earnings fell 13 percent from the same period a year earlier. Janus of Denver on Thursday reported net income of $31.2 million, or 17 cents per share, for the period, down from $35.7 million, or 19 cents per share, in the same period a year earlier.
Dec 19- Vanguard Group said customers had invested $130.4 billion in its mutual and exchange-traded funds during the first 11 months of 2012, beating the fund industry's previous annual inflow record.
Dec 19- Money manager Vanguard Group said customers had invested $130.4 billion in its mutual and exchange-traded funds during the first 11 months of 2012, exceeding its annual record. The trend has also benefited BlackRock Inc's iShares ETF unit, while hurting more traditional managers like American Funds, Dodge& Cox and Janus Capital Group Inc..
BOSTON, Nov 28- London- based insurer Old Mutual Plc is likely to follow its Dutch competitor ING Groep NV and move to take its U.S. money management unit public, analysts said, as tighter capital rules in Europe loom for the industry. Old Mutual has said it is studying an IPO for the unit, which counts institutional investors as its main customers.