Assets fall at US managers

Friday 25 January 2008 at 07:07

Janus Capital Group's quantitative managers turned around performance in the fourth quarter of last year, but total assets under management fell as did those of its US rivals Franklin Resources and Cohen & Steers.

Janus' quarterly results published yesterday show the company’s total assets under management at the end of last year were $206.7bn (€140.5bn), compared with $208bn at the end of September.