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Henderson Group Full Year Results

Henderson Group plc (Henderson or the Group) has this morning published its Full Year Results for the year ended 31 December 2015 on 11 February 2016. The comments below refer to the period from 1 January 2015 to 31 December 2015 (the period) unless otherwise stated.

Financial highlights

• Record net inflows for the year of £8.5bn (2014: £7.1bn)

• Assets under management (AUM) at 31 December 2015 up 13% to £92.0bn (31 December 2014: £81.2bn)

• Underlying profit before tax from continuing operations of £220.0m, up 17% (2014: £187.8m)

Business update

• Net new money growth from continuing operations of 11%, driven by Retail flows well ahead of industry peers

• Strong investment performance: with 81% of funds outperforming relevant metrics over three years as at 31 December 2015

• Global expansion: acquisitions of Perennial Fixed Interest and Perennial Growth Management in Australia closed on 1 November 2015.

Andrew Formica, Chief Executive of Henderson, said: 2015 was another strong year for Henderson. Our active investment management capabilities delivered excellent returns for our clients in difficult market conditions, and we achieved record net inflows and underlying profits. Our organic growth initiatives are making good progress, with encouraging performance from new investment teams and AUM growth in all regions, notably the US, Continental Europe and Latin America. We accelerated our growth plans in Australia with three acquisitions in the course of the year.

The first few weeks of 2016 have been challenging for investors and our clients, with a wide range of economic and geo-political risks weighing on markets. We will review our short term plans if difficult market conditions persist, but remain focused on our long term goals to grow and globalise our business.

Next Finance , February 2016

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