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UK: Janus to be acquired by fund giant Henderson Group for £2.01 billion

By  |  October 4, 2016

Janus Capital Group Inc., facing investor withdrawals from some of its funds, agreed to sell itself to a British rival in an effort to help it compete with increasingly popular low-cost providers.

UK-based Henderson Group agreed to pay £2.01 billionin an all-share deal for Janus and said the purchase will help expand its global audience. The deal will create a London-based money manager—Janus Henderson Global Investors PLC—with more than $320 billion in assets.

The agreement highlights the pressure on active money managers, who make their own decisions on buying and selling stocks and bonds, and typically charge more for their services. For decades, investors put their faith in famous stock pickers such as Peter Lynchat Fidelity Investments and Legg Mason Inc.’s Bill Miller, betting they could outperform the broader market.

Full Content: The Wall Street Journal

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