Exhibit 99.1

October 22, 2009

JANUS CAPITAL GROUP INC. ANNOUNCES

THIRD QUARTER 2009 RESULTS

Third quarter earnings from continuing operations of $0.05 per diluted share

Long-term net outflows of $0.6 billion for the quarter

79%, 88% and 86% of firmwide mutual funds outperformed their

Lipper peer group medians for 1-, 3- and 5- years(1)

Successfully completed capital restructuring

DENVER — Janus Capital Group Inc. (“JCG”) (NYSE: JNS) today reported third quarter net income from continuing operations of $8.2 million, or $0.05 per diluted share, compared with net income from continuing operations of $15.8 million, or $0.10 per diluted share in the second quarter 2009 and net income from continuing operations of $26.0 million, or $0.16 per diluted share, in the third quarter 2008.  Third quarter 2009 includes operating charges from legal settlements and severance associated with the former CEO of $20.5 million and $12.1 million, respectively, partially offset by a realized non-operating gain of $5.8 million resulting from the debt tender.  The company’s operating margin for the third quarter 2009 was 13.0% compared with 23.5% for the second quarter 2009 and 33.9% for the third quarter 2008.

Flows and Assets Under Management

Average assets under management during the third quarter increased 12.9% to $143.1 billion compared with $126.7 billion during the second quarter 2009.  At September 30, 2009, the company’s total assets under management were $151.8 billion compared with $132.6 billion at June 30, 2009 and $160.5 billion at September 30, 2008.  The increase in firmwide assets during the third quarter primarily reflects $20.0 billion of market appreciation and long-term net outflows of $0.6

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billion.  Janus and Perkins long-term net inflows totaled $1.3 billion and $0.6 billion, respectively, while INTECH long-term net outflows totaled $2.5 billion.

Investment Performance

Relative long-term investment performance remained strong with approximately 79%, 88% and 86% of firmwide mutual funds in the top half of their Lipper categories on a one-, three- and five-year total-return basis, respectively, as of September 30, 2009.(2)  In addition, 64% of firmwide mutual funds have a 4- or 5-star Overall Morningstar RatingTM at September 30, 2009.(3)

Janus-managed equity mutual funds continue to outperform the majority of peers with 83%, 94% and 88% of equity mutual funds ranking in the top half of their Lipper categories on a one-, three- and five-year total return basis, respectively, as of September 30, 2009.(2)

INTECH’s relative performance continued to be weak in the short- and intermediate- term, with 0%, 44%, and 63% of strategies outperforming their respective benchmarks over the one-, three- and five-year periods, as of September 30, 2009.

Perkins continues to deliver exceptional investment performance with the Mid Cap Value fund ranked in the top 19% and the Small Cap Value fund ranked in the top 9% of their respective Lipper categories on a one-, three- and five-year total-return basis as of September 30, 2009.(4)

“During my tenure as interim CEO, I’ve become more confident than ever that the strength of our performance and the expansion of our distribution efforts position the firm for long-term success,” said Tim Armour.  “Although the leadership team is mindful of the uncertain operating environment, we believe we’ve got strong momentum and are committed to building a top tier global firm in the intermediary and institutional channels.”

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Financial Highlights

(dollars in millions, except per share data or as noted)

*                 Net income and diluted earnings per share for third quarter 2008 include an impairment charge of $21.0 million, or $0.08 per share, related to the Stanfield Victoria Funding LLC securities.

Third quarter 2009 revenues of $227.6 million increased 13.7% from second quarter 2009 from higher average assets under management, driven primarily by improving global markets.  Operating expenses were up $44.8 million, or 29.2%, primarily as a result of legal settlements, severance charges and higher revenue-based expenses. Legal settlements totaling $20.5 million were paid in the third quarter 2009 and were primarily related to compensation matters with former employees.  JCG is not aware of any additional claims by former employees of a similar nature.

Capital and Liquidity

At September 30, 2009, JCG had stockholders’ equity of $978 million, cash and investments of $337 million and $790 million of outstanding debt.  During the third quarter 2009, JCG raised approximately $382 million of capital, net of underwriting discounts and commissions, through the concurrent public offering of 20.9 million shares of common stock and $170 million of convertible senior notes due 2014.  The combined proceeds of the offerings, together with available cash, were used to repurchase approximately $443 million aggregate principal amount of the Company’s outstanding 2011, 2012 and 2017 senior notes in a tender offer.  Following the successful completion of the capital raise and debt tender, total long-term debt was reduced by approximately $316 million.

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Third Quarter 2009 Earnings Call Information

JCG will discuss its results during a conference call on Thursday, October 22 at 10 a.m. Eastern Daylight Time.  The call-in number will be 877-301-7574.  Anyone outside the U.S. or Canada should call 706-643-3623.  The slides used during the presentation will be available in the investor relations section of the Janus Capital Group Web site (www.janus.com/ir) approximately one hour prior to the call.  For those unable to join the conference call at the scheduled time, an audio replay will be available on www.janus.com/ir.

About Janus Capital Group Inc.

Janus Capital Group Inc. (JCG) is a global investment firm offering strategies from three individual investment boutiques: Janus Capital Management LLC (Janus), INTECH Investment Management LLC (INTECH) and Perkins Investment Management LLC (Perkins). Each manager employs a research-intensive approach that is distinct within its respective asset class. This multi-boutique approach enables the firm to provide style-specific expertise across an array of strategies, including growth, value and risk-managed equities, fixed income and alternatives through one common distribution platform.

At the end of September 2009, JCG managed $151.8 billion in assets for shareholders, clients and institutions around the globe. Based in Denver, JCG also has offices in London, Tokyo, Hong Kong and Singapore.

Contacts:

Shelley Peterson, 303-316-5625

John Groneman,  303-336-7466

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Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus containing this and other information, please call JCG at (800) 525-3713 or download the file from www.janus.com. Read it carefully before you invest or send money.

This presentation should not be considered sales material and is not an offer or a solicitation for any securities.

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Data presented reflects past performance, which is no guarantee of future results.  Rankings referenced exclude money markets.

Funds distributed by Janus Distributors LLC (10/09).

Certain statements in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes”, “expects”, “anticipates”, “intends”, “projects”, “estimates”, “plans”, “may increase”, “may fluctuate”, “forecast” and similar expressions or future or conditional verbs such as “will”, “should”, “would”, “may” and “could” are generally forward-looking in nature and not historical facts. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements. These statements are based on the beliefs and assumptions of Company management based on information currently available to management.

Various risks, uncertainties, assumptions and factors that could cause future results to differ materially from those expressed by the forward-looking statements included in this press release include, but are not limited to, risks associated with the appointment of a CEO and the Company’s ability to identify a permanent CEO and resulting potential disruptions to the Company and its business, and other risks, uncertainties, assumptions and factors specified in the Company’s Annual Report on Form 10-K for the year ended December 31, 2008 included under headings such as “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and in the Prospectus Supplements, dated July 17, 2009, to the Registration Statement of Form S-3 (Registration No. 333-145310) and in other filings and furnishings made by the Company with the SEC from time to time. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. Many of these factors are beyond the control of the Company and its management. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. Except for the Company’s ongoing obligations to disclose material information under the federal securities laws, the Company undertakes no

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obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless required by law.

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JANUS CAPITAL GROUP INC.

UNAUDITED

CONSOLIDATED STATEMENTS OF INCOME

(dollars in millions, except per share data or as noted)

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JANUS CAPITAL GROUP INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(dollars in millions)

UNAUDITED CONDENSED CASH FLOW INFORMATION

CONTINUING OPERATIONS

(dollars in millions)

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JANUS CAPITAL GROUP INC.

ASSETS & FLOWS BY INVESTMENT DISCIPLINE

(dollars in billions)

Each line has been rounded on the schedule individually to increase the accuracy of the amounts presented. Therefore totals and subtotals may not foot.

Notes:

(1)          Represents all assets managed by INTECH Investment Management LLC.

(2)          Represents all assets managed by Perkins Investment Management LLC.

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Janus Investment Fund (“JIF”)