Janus Henderson Group PLC

Janus Henderson has agreed to acquire three specialist investment management businesses from Insignia Financial: Antares Fixed Income, Antares Equities, and Fairview Equity Partners. Financial terms were not disclosed. Together, the three units oversee about A$33 billion invested in Australian fixed income, broad-cap shares, and small-cap shares. Antares Fixed Income will be combined with Janus Henderson's existing Australian fixed interest team, while Antares Equities will be integrated into its global equity operation. Janus Henderson will also purchase Insignia's 40% holding in Fairview Equity Partners, which will continue as an independent boutique focused on Australian small-cap equities. The deal, expected to close in the fourth quarter of 2026 subject to regulatory approval, builds on a longer-term relationship and aims to strengthen Janus Henderson's presence in Australia.

A fund manager at Janus Henderson Investors has revealed that global investors are beginning to diversify their portfolios away from US stocks, turning to increase weightings in European, Japanese, South Korean, and Chinese equities to reduce the risk of concentration in the Magnificent Seven mega-cap technology stocks. Julian McManus, a portfolio manager at Janus Henderson, which has around 480 billion dollars in assets under management, noted that the MSCI ACWI ex-US index has risen more than 8% since the start of the year, while the S&P 500 has gained 6.8%. He recommends bank stocks in Europe and Japan, as well as Samsung Electronics, Tencent, and CATL, among others. Meanwhile, Polka Mishra from Javelin Wealth Management continues to favour US stocks, citing the still-strong US economy and its leadership in AI technology.

Janus Henderson Investors reported that Micron Technology shares returned more than 240% during the second quarter of 2026, reinforcing the growing strategic importance of memory to the AI infrastructure buildout. The firm added Micron to its Global Sustainable Equity Fund portfolio in late 2025, and the position became one of the largest positive contributors alongside Seagate and TSMC. Micron's earnings benefited from stronger pricing, improving demand, and a more constructive outlook as demand for memory continues to outpace industry supply additions, driven by high-bandwidth memory for AI accelerators, agentic workloads, and data caching. The fund noted that Micron's latest energy-efficient memory products allow AI workloads to run with higher performance and lower power consumption, while long-term customer agreements may improve earnings visibility and reduce cyclicality. The fund returned 16.17% in the quarter, outperforming its benchmark index.

Janus Henderson Group has obtained the regulatory clearances and client approvals needed for its planned take-private deal with Trian Fund Management and General Catalyst Group Management. The approvals move the transaction closer to completion after shareholders had already voted in favour of the proposal, with the deal due to complete on 30 June 2026 provided remaining closing conditions are met. Once completed, Janus Henderson will operate as a privately held company and its shares will be delisted from the NYSE, with holders of shares not already owned or controlled by Trian receiving $52 a share in cash. The revised cash consideration of $52 per share compares with an earlier proposal of $49 per share and represents a 25% premium above the company's closing share price on 24 October 2025, the day before the original proposal was disclosed publicly. Janus Henderson originally sealed the deal with Trian and General Catalyst in December 2025, and earlier this year Victory Capital withdrew a competing takeover approach after failing to secure the full backing of Janus Henderson's Special Committee.