Janus and Henderson to merge amid rising cost pressures
The deal will give the two fund firms more consistency and scale – which they will badly need in an increasingly tough environment for active managers, say industry observers.
Cross-border mergers between global fund houses don’t happen every day. But there are several good reasons why US-based Janus Capital and the UK’s Henderson Global Investors announced yesterday they were combining to form Janus Henderson Global Investors, which will have $322 billion in assets under management.
Andrew Formica, chairman of Henderson, summed up the situation succinctly in a conference call: “Five structural trends are top of mind – namely, rising costs; the need for…
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