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By Jeffrey Goldfarb Pushy hedge fund boss Nelson Peltz is leading a $7 bln takeover bid for Janus Henderson, five years after disclosing a stake. The firm, which manages $460 bln, has produced limited returns since its 2017 merger. It’s hard to see how taking it private will redeem investing pros. Full view will be published shortly. Follow Jeffrey Goldfarb on X and Linkedin. CONTEXT NEWS Trian Fund Management, the hedge fund firm led by Nelson Peltz, on October 26 submitted an offer to buy the approximately 80% of Janus Henderson it does not already own, alongside investment firm General Catalyst, for $46 a share in cash, valuing the active fund manager at about $7.2 billion. Janus Henderson, which manages about $460 billion, said on October 27 that it intends to appoint a special committee of directors not affiliated with Trian or General Catalyst to consider the proposal. Janus Henderson shares, which closed on October 24, at $41.63, were trading near $49 apiece at 1000 EDT on October 27. Peltz and General Catalyst CEO Hemant Taneja wrote in a letter to the Janus Henderson board that they believe the company could improve by “significantly increasing” its long-term investment in products, customer service and technology. Josh Frank, the co-chief investment officer of Trian, and Brian Baldwin, Trian’s head of research, sit on Janus Henderson’s board.
