(Bloomberg) -- Janus Capital Group Inc., owner of the Janus, Intech and Perkins funds, said fourth-quarter profit declined 13% as clients pulled out money for the 14th consecutive quarter.

Net income fell to $31.2 million, or 17 cents a share, from $35.7 million, or 19 cents, a year earlier, the Denver-based company said Thursday in a statement. Profit beat the 14-cent average estimate of eight analysts surveyed by Bloomberg.

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