Fund buyers have described the merger of Henderson Global Investors and Janus Capital as "inevitable", given the cost and regulatory pressures currently facing asset managers.
Henderson saw its share price soar over 17% to 271p today after it announced plans to merge with Janus Capital to create a combined asset manager with AUM of $320bn. In an announcement this morning, the firms said they had agreed a 'merger of equals' to create a global active asset manager combining Janus' US specialisation with Henderson's strength in the UK and Europe. This combined firm - Janus Henderson Global Investors - will be co-run by the firms' chief executives Dick Weil and Andrew Formica. Fund buyers said they were not surprised by the move and felt it is likely to be b...
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