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Janus Henderson trims Perkins value strategy lineup, rebrands
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Janus Henderson Group will close four investment strategies run by subsidiary Perkins Investment Management, rebrand the three remaining strategies, and lay off Perkins’ operations, compliance and information technology employees later this year, a spokesman said in an emailed statement Friday.
Janus Henderson will close and liquidate the following strategies on April 30: global value, international value, value plus income and U.S. large-cap value. Assets under management in these funds accounted for $1.1 billion of the active value manager’s $8.2 billion of assets as of Dec. 31.
The decision to close the strategies was made after a review of Perkins’ investment strategies in order to “right-size our product portfolio and better align with the changing needs of clients,” the spokesman said.