Trian Fund Management Buys Janus Henderson for $7.4B

Trian Fund Management and General Catalyst acquire Janus Henderson for $7.4 billion, taking the firm private and pulling its $484 billion in assets off the NYSE. The deal, expected to close mid-next year, allows Janus to escape quarterly reporting pressures. Trian, which built a 21% stake in Janus, has been pushing for industry consolidation, and this deal aligns with Peltzs vision of merging asset managers to boost fees through scale. The trend is gaining traction as investors favor cheap index funds and alternatives, with foreign players also backing deals.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.