Janus Henderson Group plc (NYSE:JHG) Q3 2022 Earnings Conference Call October 27, 2022 8:00 AM ET
Company Participants
Ali Dibadj - Chief Executive Officer
Roger Thompson - Chief Financial Officer
Conference Call Participants
Dan Fannon - Jefferies
Patrick Davitt - Autonomous Research
Ken Worthington - JPMorgan
Elizabeth Miliatis - Jarden
Ed Henning - CLSA
Bill Katz - Credit Suisse
Ryan Bailey - Goldman Sachs
Brian Bedell - Deutsche Bank
John Dunn - Evercore
Operator
Good morning. My name is Elliot, and I will be your conference facilitator today. Thank you for standing by, and welcome to the Janus Henderson Group Third Quarter 2022 Results Briefing. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. In the interest of time questions, questions will limited to one initial and one follow-up question.
In today's 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 sections 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's 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 Third Quarter 2022 Earnings Call. I'm Ali Dibadj, I'm joined by our CFO, Roger Thompson. In today's call, I'll start with some thoughts on the quarter, before handing it over to Roger to run through the details. After Roger's comments, I'll share an update on the work that's been done regarding our strategic path forward since last quarter's call. Then, we'll take your questions following those prepared remarks.
Turning to slide 2. As everyone knows, market conditions remain difficult in the third quarter, tightening monetary policy from central banks, inflation, geopolitical tension, lower consumer confidence and liquidity concerns, all continue to affect markets, investor sentiments, and our results.
The market decline, dollar appreciation and $5.8 billion of net outflows reduced our AUM by 8% to $275 million. Long-term investment performance remained solid with 64% of assets ahead of benchmark on a three-year basis, which is up compared to the prior quarter.