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Janus, Henderson to form giant

Janus Capital and Henderson groups will merge in US$320 billion deal

Janus, which lured William H Gross (left) after he left Pimco two years ago, is strong in North America, with US$149 billion in assets under management. The Henderson Group's CEO Andrew Formica (right) says the newly merged entity will be based in London, as this will help boost its global footprint.

New York

THE Janus Capital Group and the Henderson Group, a large London-based investment manager, said on Monday that they would merge in an all-stock deal that would create an asset manager with greater global scale and about US$320 billion of assets under management.

The deal -...

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