Mergers among active managers could pick up as many have struggled to attract investors amid the rising popularity of low-cost, passive investment strategies. The all-stock merger between Janus active fund manager Henderson Group and Janus Capital Group will result in job losses of up to 10% , according to soon-to-be CFO Thompson . The cuts come as the deal, set to close in the first year , is expected to save $ 110 m, with $ 80 m anticipated for May . Following the merger, the renamed company - Janus Capital Group - is set to build out the institution business in Europe .
The all-stock merger between Janus active fund manager Henderson Group and Janus Capital Group will result in job losses of up to 10% , according to soon-to-be CFO Thompson . The cuts come as the deal, set to close in the first year , is expected to save $ 110 m, with $ 80 m anticipated for May . Following the merger, the renamed company - Janus Capital Group - is set to build out the institution business in Europe .