Janus Capital Group Inc. and U.K.-based Henderson Group Plc are merging to reduce costs, broaden their product mix and expand geographically. Last week, Japan’s SoftBank Group Corp. struck a $3.3 billion agreement to buy alternative-asset manager Fortress Investment Group LLC, whose shares had lost two-thirds of their value since the company went public in 2007.
Category: Legg Mason
For Asset Managers Battling Index Funds, It’s Hunt or Be Hunted
Janus Capital Group Inc. and U.K.-based Henderson Group Plc are merging to reduce costs, broaden their product mix and expand geographically. Last week, Japan’s SoftBank Group Corp. struck a $3.3 billion agreement to buy alternative-asset manager Fortress Investment Group LLC, whose shares had lost two-thirds of their value since the company went public in 2007.
Legg Mason Stock Spikes on Takeover Speculation
Legg Mason , a Baltimore-based asset manager, reportedly received a takeover bid from an anonymous party, according to StreetInsider.com, citing sources. Legg Mason currently has $710 billion under management.