Janus Henderson Group plc (NYSE:JHG) Q4 2022 Results Conference Call February 2, 2023 8:00 AM ET
Company Participants
Ali Dibadj - CEO
Roger Thompson - CFO
Conference Call Participants
Craig Siegenthaler - Bank of America
Patrick Davitt - Autonomous Research
Ed Henning - CLSA
Ken Worthington - JPMorgan
Alex Blostein - Goldman Sachs
Elizabeth Miliatis - Jarden
Bill Katz - Credit Suisse
Nigel Pittaway - Citi
Operator
Good morning. My name is Emily, and I will be your conference facilitator today. Thank you for standing by, and welcome to the Janus Henderson Group Fourth Quarter and Full Year 2022 Results Briefing. All lines have been placed on mute to prevent any background noise. After the speakers remarks there will be a question and answer period. [Operator Instructions]
In today conference call, certain matters discussed may constitute forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements due to a number of factors, including, but not limited to, those described in the forward-looking statements and Risk Factors section of the company's most recent Form 10-K and other more recent filings made with the SEC.
Janus Henderson assumes no obligation to update any forward-looking statements made during the call. Thank you. Now it is my pleasure to introduce Ali Dibadj, Chief Executive Officer of Janus Henderson.
Mr. Dibadj, you may begin your conference.
Ali Dibadj
Welcome, everyone, and thank you for joining us today on Janus Henderson's fourth quarter and full year 2022 earnings call. I'm Ali Dibadj, I'm joined by our CFO, Roger Thompson. In today's call, I'll start with some comments on the year. Roger will then go through the results. And after that, I'll provide a strategic update. Then we'll take your questions following those prepared remarks.
Turning to Slide 2. 2022 provided one of the most challenging market backdrops in history. As you undoubtedly know, since 1928, 2022 is 1 of only 4 years where stocks and bonds had combined negative returns. U.S. treasuries suffered their worst losses since 1988 and had back-to-back annual losses for the first time in over 60 years. This market backdrop translated into a difficult flow environment.
For example, in the U.S. 2022 was the first time mutual funds and exchange traded funds experienced combined net outflows. Janus Henderson certainly wasn't immune to the tough market conditions, which our results suggest. As I reflect upon the year though, despite the industry headwinds, there are several tangible signs of progress at Janus Henderson. There was a tremendous amount of work done, and we have the foundation to achieve our ambitions over time on behalf of our clients, their clients, shareholders, employees and all our stakeholders.