Henderson assets under management grow by £700m

Henderson Group increased its assets under management by £700m in the first quarter of 2016, it reported on Monday, to £92.7bn.

The FTSE 250 firm also posted inflows of £0.1bn into the retail division and outflows of £0.8bn from institutional, in its first quarter update.

It saw market and foreign exchange benefits of £1.4bn, and said long-term investment performance remains strong with 77% of funds outperforming over three years.

"Volatile markets saw our clients temper their investment decisions over the quarter,” said Henderson CEO Andrew Formica.

“Our retail flows improved as the quarter progressed and, looking beyond previously announced mandate losses, our institutional pipeline remains healthy.”

Formica said Henderson continued to benefit from diversification by geography and investment style, with flows strongest in US retail, and good investment performance as well as client demand in absolute return and income-focused strategies.

“We continue to track well against our priorities to broaden and grow our global business."