Janus Capital Group, a Denver-based mutual fund group, said its third quarter profits fell 7% from a year earlier as net flows remained flat over the three month period.

The firm said third quarter profit fell to $29.5m (€23.3m), or 15 cents per share, from $31.7m during the same period the previous year. Janus reported profits of $31.1m during the second quarter.

Jennifer McCandless in New York

Janus Capital Group

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Janus third quarter profits fall 7%

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