Formica said: “Aside from the one-off outflows that resulted from the merger-related restructuring of our global equities team, our institutional business continues to see steady growth, with a healthy number of mandates funding since quarter end.
“We have made substantial progress in preparation for our proposed merger with Janus Capital Group.
“It is an exciting time as momentum builds towards the launch of Janus Henderson Investors, which will enable us to significantly increase our distribution reach and investment capabilities.”
The completion of the deal to create Janus Henderson Investors, first announced in October last year, is expected in May following a shareholder vote on 26 April.
The combined operations will hold $320bn AuM and have a market capitalisation of around $6bn.
Henderson will pay a dividend of 1.85p per share on 19 May, mirroring Janus’ intention to pay shareholders “with a view to ensuring equality of treatment of each set of shareholders” in the first quarter despite merger.
