Janus' merger makes clear business sense, but it's unclear if or how it will benefit Janus' fundholders.
On Oct. 3, Janus Capital Group announced plans to merge with U.K.-based Henderson Group (HGG). This deal is described as a merger of equals, with the joint company headed by co-CEOs Richard Weil (of Janus) and Andrew Formica (of Henderson). The combined asset-management firm will be called Janus Henderson Global Investors and have $322 billion of assets under management. The deal is expected to close in the second quarter of 2017.
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Andrew Daniels does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.