10 Best Asset Management Stocks to Buy According to Hedge Funds

8. Janus Henderson Group plc (NYSE:JHG) 

Number of Hedge Fund Holders as of Q3 2024: 29

Janus Henderson Group plc (NYSE:JHG) is an asset management firm providing services to institutional, retail, and high-net-worth clients. It manages separate client-focused equity and fixed-income portfolios.  Its stock has outperformed the market so far this year, going by a 48% year-to-date gain. The stellar performance stems from impressive growth and strategic expansion that have strengthened its growth metrics.

Third quarter results delivered on October 30, 2024, showcased a 6% increase in assets under management. The increase was the catalyst behind the asset manager posting a 42% year-over-year increase in adjusted earnings per share of $0.91. In addition, Janus Henderson Group plc (NYSE:JHG) is benefiting from strong investment performance and strategic investments such as the acquisition of Victory Park Capital. The acquisition is helping bolster private credit offerings.

While the asset manager posted net outflows of $500 million in the quarter, it continues rebuilding its institutional pipeline while executing strategic objectives. Net inflows in the third quarter totaled $400 million, marking a third consecutive quarter of inflows. Janus Henderson Group plc (NYSE:JHG) expects a significant increase in the fourth quarter due to improved mutual fund performance.