Gosling's Grouse: Janus tie-up puts Henderson back on the top table

A decade or so ago, when this column started, I wrote that Henderson was a business which would either be bought, or would have to buy, in order to survive and prosper in the 21st Century global asset management industry.

The chief executive of Henderson at the time, Roger Yates, was none too impressed with my opinion and we had a frank disagreement about it. With the announcement of Henderson's merger with Janus this week, the business has arguably come full circle and I may just have been right.  Before I get too smug, I believe I also said Pru's purchase of M&G would turn out to be an expensive mistake, only made better by its equally expensive purchase of the Countrywide estate agency business. The now-retired boss of M&G Mike McLintock is too much of a gentlemen to have reminded me of this when...