Getting your player ready...
Janus Capital Group Inc., the firm that hired bond legend Bill Gross in September, said profit rose 46 percent in the first quarter as the market rally lifted assets and its funds attracted new money for the second straight quarter.
Net income increased to $44.6 million, or 23 cents a share, from $30.5 million, or 16 cents, a year earlier, the Denver-based firm said Thursday in a statement. Earnings beat the 21-cent average per-share estimate of five analysts surveyed by Bloomberg. The shares rose as much as 4 percent, the most since Jan. 22.
Chief executive officer Richard Weil, 51, has worked to stem client defections by focusing on fund performance.
