Janus Henderson integration sees 'solid progress' two months after merger

Savings largely due to 'reduced combined headcount'

Janus Henderson has reported a 4% rise in AUM in Q2 in its first results as a combined fund group following the merger of Janus Capital and Henderson Global Investors, which completed on 30 May.

The quarterly update, which looks at the three month and six month period to 30 June, said since the closing of the merger, it has been focusing on integration and had made savings as a result of a reduced staffing numbers. "We are very pleased with the results of the integration thus far and execution is ongoing," the report said. "As part of these efforts, we have completed $57m of net run-rate cost synergies, comprised largely of savings from a reduced combined headcount. "Additionally, we are now expecting that we will be able to realise at least $85m of net run-rate synergies by...