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.
![Janus and Henderson to merge amid rising cost pressures](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2F20161004084115_janus%20building%20crop.jpg&c=1&h=677&q=100&v=20241801&w=1204)
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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