Henderson Group, the London-listed investment house, saw its assets under management for its third quarter rise 2.5 per cent to £76.6 billion ($122.7 billion) on 30 September, up from £74.7 billion at the end of June.

Henderson Group, the London-listed investment house, saw its assets under management for its third quarter rise 2.5 per cent to £76.6 billion ($122.7 billion) on 30 September, up from £74.7 billion at the end of June.

The group said in a statement that the acquisition of Geneva Capital Management helped to push this figure to £79.9 billion on 1 October.

Net inflows were £1.4 billion, driven by continued momentum in UK retail, positive European retail and global Institutional flows.

Investment performance remained strong, with 71 per cent of funds outperforming over one year and 83 per cent over three years.

Net flows of £814 million into UK OEICs, Unit Trusts and Other were driven by continuing market share gains in this important market..   

Net flows into SICAVs remained positive at £263 million, but slowed from previous periods.

"This has been another quarter of strong flows. Despite tougher market conditions and reduced investor appetite, particularly in European equities, Henderson continued to take market share and delivered net inflows of £1.4bn. Net new money growth in the first nine months of 2014 stands at 13 per cent on an annualised basis, a strong start to the plan we outlined at the beginning of this year,” said chief executive Andrew Formica.

"Current markets are proving challenging, as investors seek safety in cash and lower risk products. We expect these conditions to persist while the outlook for world economies remains uncertain. Whilst we remain vigilant on costs, recent investments in our business have positioned us well, with a broad product range and a more geographically diverse business,” he added.

Earlier this month Henderson announced it would be merging its Henderson UK Property fund with the Old Mutual Property Fund, which has assets of £437 million.

Following the merger, which is expected to complete early in 2015, HUKP's assets will increase to approximately £2.7 billion.

On 1 October, Henderson completed its acquisition of US growth equity manager Geneva Capital Management.

Henderson’s North American business now has around $18.3 billion in AuM, representing around 15 per cent of group assets. The move doubles Henderson's number of US-based investment professionals and quadruples its US institutional AuM to some $8 billion.