Janus Capital Group Inc., a Denver-based money manager with more than $180 billion in assets, aims to double its share of overseas assets under management as it expands in Asian markets including Hong Kong and Japan.
“I can see us doubling, over the next five years, overseas assets from 7.5 percent to 15 percent,” Erich Gerth, Janus Capital International’s chief executive, said in an interview Thursday. “We tripled our office space in Japan and doubled it in Hong Kong.”
Janus aims to grow in Asia, as China’s economy expanded 10.6 percent in the first quarter and Japanese consumers put a larger share of their $14 trillion in savings into investment trusts. The company also plans to place portfolio managers in London and Asia for the first time, Gerth said.
