JHG - Trian takes stakes in Invesco Janus Henderson with eye on deals - WSJ

Trian Fund Management has taken 9.9% stakes in investment firms Invesco (IVZ) and Janus Henderson (JHG), with the two positions totaling ~$900M, WSJ reports.The money reportedly comes in part from a long-term fund Trian has built with the goal of bringing consolidation to the asset management industry, which has been whacked by plunging fees and shrinking profit margins.Trian believes Invesco has the potential to grow by acquiring rivals such as Janus Henderson and wants to help build a large asset manager that can better confront the challenges facing the industry and compete with larger rivals.

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Trian takes stakes in Invesco, Janus Henderson with eye on deals - WSJ