“ Shareholder activist Trian Fund Management LP has taken big stakes in investment firms Invesco Ltd. and Janus Henderson Group PLC and plans to agitate for deal making aimed at building a rival to the biggest asset managers in the world.”
- First reported in the WSJ & Barrons. Capsulized account
from Market Watch
- Here’s a related article: “A Deal Between Invesco and Janus Henderson Could Shake Up Asset Management”
(Unable to obtain a direct working link to the WSJ or Barron’s
Looks like more consolidation in the mutual fund / financial services industry coming. FWIW - One of my Roths was unceremoniously moved to Invesco after they bought Oppenheimer a year or so ago. Generally quite pleased. Lower fees, overall better quality funds, a lot more choices.