Henderson Group has reported a £2.4bn jump in assets under management in the first quarter of 2012.
The asset manager said assets stood at £66.7bn at March 31. The increase is on the back of positive market movements with the asset manager seeing £110m of net retail outflows.
Henderson has seen outflows of £392m across its UK and US retail ranges between January and March 2012, however this was partly offset by £291m of net inflows from its European retail and investment trusts.
Henderson chief executive Andrew Formica (pictured) says: “Although equity markets are higher than at the beginning of the year, continued market volatility and economic uncertainty during the period have kept investor demand for risk assets subdued. However, I am encouraged that through this period our investment performance has been strong.
“Whilst we expect markets to remain volatile, I am confident that our product diversity, investment performance and relentless client focus, position us well for the future.”