Asset sale boosts Janus profits

US-listed asset manager Janus Capital managed to more than double its net income to $130m (€106m) in the second quarter to June, against the same period last year, thanks to a one-off $228m profit from the sale of 9% of DST Systems, the software developer.

The DST profit helped offset a debt restructuring costing $55m; severance payments of $21.6m, and the $6m charge incurred by the firm as a result of the regulatory probe into its mutual funds following the market timing scandal.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump