The following is a summary of the Janus Henderson Group Plc (JHG) Q1 2024 Earnings Call Transcript:
Financial Performance:
Janus Henderson reported an increase in assets under management by 5% to $352.6 billion in Q1 2024.
Despite suffering negative flows of $3 billion, the company achieved a quarterly adjusted diluted earnings per share (EPS) of $0.71, marking a 29% increase from Q1 2023.
The company's sound financials and strong balance sheet have allowed for both business investments and shareholder returns.
Business Progress:
Janus Henderson executed two significant transactions – the acquisition of Tabula Investment and a strategic partnership with NBK Wealth, solidifying growth and adding value for shareholders and clients.
The firm's focus for 2024 includes institutional channel improvement and the expansion of ETF frameworks across multiple asset classes and markets.
Plans are in place to strengthen the firm's growth at NBK by leveraging its strong origination capacity and integrating it into their global distribution.
Janus Henderson envisions cross-selling and expanding its private market franchise with the partnership of NBK Wealth.
The company reported significant progress at Privacore, a future essential part of the democratization of the alternative landscape to private wealth. The goal is for Janus Henderson to eventually become full owners.
More details: Janus Henderson Group IR
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