How Janus Henderson Lost Two CEOs and Billions of Client Assets

‘Merger of equals’ was meant to boost both fund managers
Firm has struggled since, losing AUM, executives and value

Dick Weil, center left, and Andrew Formica, center, on the floor of the New York Stock Exchange. — Dick Weil, center left, and Andrew Formica, center, on the floor of the New York Stock Exchange. Source: Bloomberg

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Before it’s here, it’s on the Bloomberg Terminal

By Loukia Gyftopoulou, Silla Brush, and Scott Deveau

May 24, 2022 at 12:00 AM EDT

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Everyone in the room knew it was over.

First one side, the UK one, had seen its CEO ousted. Now the other side, the US one, was about to see its CEO head for the exit, too.

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Before it’s here, it’s on the Bloomberg Terminal