Wall Street billionaire to buy City fund manager for £5.5bn

Company Overview - Nelson Peltz's Trian Fund Management has led a $7.4 billion acquisition of UK-based Janus Henderson, a significant player in the asset management industry [1][7] - Janus Henderson manages approximately $484 billion in assets [3] Investment Details - Trian Fund Management acquired a 20.6% stake in Janus Henderson over five years, gaining a board seat in 2022 [2] - The deal includes backing from the Qatar Investment Authority and Sun Hung Kai, a Hong Kong financial institution [2] Market Context - Active fund managers like Janus Henderson have faced challenges retaining clients as investors increasingly prefer lower-cost passive investment options [4] - In response to market pressures, Janus Henderson's CEO, Ali Dibadj, is steering the firm towards alternative sectors such as private credit [4] Recent Developments - Janus Henderson accepted an improved offer of $49 per share, up from an initial offer of $46 per share [5] - Following the announcement of the acquisition, Janus Henderson's shares rose by 3.4% to $47.58, marking the largest increase since late October [6]