Janus to Merge With Henderson
How will this affect investors?
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.
Andrew Daniels does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.