Dual listed fund manager Henderson Group Plc
(ASX:HGG) is looking for opportunities to expand the business after a strong performance in the March quarter.
Henderson Group is listed on the London stock exchange as well as the ASX, with most of its operations in the UK, US and Europe.
Speaking at the company’s annual general meeting, CEO Andrew Formica told shareholders the company saw positive net flows in most of its higher margin businesses and good demand from institutional clients in the first quarter.
Mr Formica says given the diversity of Henderson’s business and the company’s healthy pipeline of client commitments, the organic growth outlook for Henderson remains strong.
He told investors that the company is considering further opportunities to expand the group.
The group’s assets under management increased by 2.2 billion pounds during the quarter to sit at around 60.3 billion pounds.
Henderson Group pulled itself out of the red to post a profit in 2009 after a loss the year before.
