ALIZF Allianz Ag Muenchen Namen (PK)

Janus Capital Group Inc. posted revenue and profit declines in its second quarter as investment management fees declined.

The asset manager said its complex-wide assets increased to $194.7 billion as of June 30, up from $191.3 billion in the previous quarter and $192.5 billion last year. The increase includes $3.1 billion of market-related appreciation and $300 million of exchange-traded product net inflows.

Janus also had fixed-income inflows of $400 million and fundamental equity inflows of $300 million. Mathematical equity had long-term net outflows of $0.7 million.

In all, the Denver-based firm, home to famed bond investor Bill Gross—who joined the firm after departing Pacific Investment Management Co. in 2014— reported a profit of $39 million, or 21 cents a share, down from $44.7 million, or 23 cents a share, a year earlier.

Revenue fell 7.4% to $251.9 million from a year prior, as investment management fees fell 6.8%.

Analysts polled by Thomson Reuters expected a per-share profit of 22 cents on revenue of $256 million.

Total operating expenses decreased 3.1% due to lower employee compensation expenses.

Write to Austen Hufford at austen.hufford@wsj.com

(END) Dow Jones Newswires

July 26, 2016 10:25 ET (14:25 GMT)

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