Janus Capital Group, Inc. (JNS) reported third-quarter 2009 revenues of $227.6 million, up 13.7% sequentially but down 17.3% year over year.

The sequential improvement in revenues was driven by higher average assets under management, primarily due to improving global markets.

Operating margin declined significantly to 13.0% in the quarter from 23.5% in the previous quarter and 33.9% in the year-ago quarter. The decline in operating margin was primarily due to a 29% sequential increase in operating expenses as a result of severance charges and higher revenue-based expenses. The company paid $20.5 million of legal settlement charges in the third quarter, mainly related to compensation matters with former employees.

Earnings per share of 5 cents were significantly short of the Zacks Consensus Estimate at 14 cents.

As of Sep 30, 2009, the company's total assets under management were $151.8 billion, compared with $132.6 billion on Jun 30, 2009 and $160.5 billion on Sep

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Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, announced today that the Company will be in charge of project design, development and start-up of the Smart Meter Management system (SMM), a component of Telvent’s comprehensive Smart Grid Solution, for the Finnish utility Fortum. The project, which is valued at over EUR 120 million, will provide Fortum with real-time intelligence that will revolutionize both the customer relations and operations of its power grid.

Artificial Life, Inc., (OTCBB:ALIF), (www.artificial-life.com), today announced its strategic decision to expand its business activities in China. All iPhone and iPod touch games and

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George SorosGeorge Soros Hedge Fund NotesThe following piece on System Absolute Return is being published as part of our daily effort to track hedge fund events in the industry. To review other hedge fund related announcements please see our Hedge Fund Tracker Tool.______________________________________________

Billionaire George Soros's hedge fund may have lost at least $120 million on its stake in Lehman Brothers Holdings Inc., mostly acquired in the second quarter, as the investment bank suffered its worst financial result.

Soros Fund Management LLC, which manages $20 billion, purchased 9.47 million shares, or about 1.4 percent of New York- based Lehman, between March 31 and June 30, according to a filing with the Securities and Exchange Commission. The losses could be as high as $380 million, depending on when

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