Janus and Henderson merge for scale

The deal gives the British and American fund managers more consistency and scale – crucial in an increasingly tough environment for active managers, say industry observers.
Janus Capital is combining with Henderson Global Investors
Janus Capital is combining with Henderson Global Investors

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 on Monday 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 today “Five structural trends are top of mind  namely, rising costs the need for distribution scale greater fees and transparency regulatory changes and associated costs and the growth of passive funds. The combination is a quick response to these challenges.”

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