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Will the Janus-Henderson Merger Benefit Fund Shareholders?

The early returns are meager.

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"Mergers suck. They're hard. They take years and years off your life."--Larry Fink, CEO of BlackRock

The history of fund company mergers isn't an especially pretty one. As Larry Fink said at the Morningstar Investment Conference in April, they're tough to pull off. Too often they result in culture clashes and the departures of key personnel. It's even more difficult, it seems, to find fund company mergers that benefit fund shareholders in a clear and material way. The merger between Janus Capital Group and U.K.-based asset manager Henderson Group that closed on May 30 (the combined entity is known as Janus Henderson Group) doesn't appear to be one of those mergers, at least not yet.

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Greg Carlson does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.