trending Market Intelligence /marketintelligence/en/news-insights/trending/rAD17Xi0Kh7msk-bQuthkw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Janus' INTECH posts contrasting results after Brexit, US election

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Janus' INTECH posts contrasting results after Brexit, US election

The market rally following the November 2016 presidential election was bust for INTECH Investment Management LLC, according to Janus Capital Group Inc. CEO Richard Weil.

As equities steadily advanced, INTECH took a hit, causing the unit to become one of Janus' balance-sheet negatives for 2016 fourth-quarter and second-half results, Weil said during an earnings conference call. Janus' volatility manager experienced a downturn that lasted for five consecutive months, an unusually long slide that followed a strong first-half management performance, including immediately after the U.K.'s vote to leave the European Union.

"They had one or two of their best days after the Brexit announcement, and they had one or two of their absolute worst days after the [Donald] Trump election," said Weil.

The unit's underperformance was not shallow during the slump, but substantial, he told analysts and investors. But Weil does not think the outflows will get worse or that INTECH's investment strategy is wrong.

"I'm convinced that their process is still a very good process, [and] is still valuable for clients," he said. The company has had a tough time selling its products inside the U.S., he conceded, but has been more successful internationally.

Janus continues to expects its merger with Henderson Group Plc to close in the second quarter. Asked about the potential for a changed regulatory environment following the Brexit vote and Trump's election, Weil said the companies are still better off facing those uncertainties combined rather than alone.