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Henderson sees AUM increase despite outflows

graph upHenderson Group saw a 10% increase in assets under management last year, the firm said today in its full-year statement.

The increase means the company, which operates Henderson Global Investors, manages £101 billion (€117.9 billion), the highest figure yet for the business.

However, Henderson saw net outflows of £4 billion, a reversal of the previous year’s £8.5 billion inflows. The company last year revealed a £700 million outflow after the UK’s Brexit vote.

Andrew Formica, CEO, said it was a record year for assets, and also for revenues from management fees, which increased 8% to £505.9 million.

“Henderson has delivered resilient financial performance in a year of extraordinary turbulence in politics and financial markets. It is testament to our strategic progress over the past three years that we report assets under management and management fees at record levels – progress that has enabled us to continue to move forward through the proposed merger with Janus Capital Group,” he said.

The merger will complete before the end of May.

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