Trian Fund Management takes 9.9% stakes in Invesco, Janus Henderson

Trian Fund Management has invested approximately $900 million in Invesco and Janus Henderson Group, raising its stake to 9.9% in each company, according to a report by the Wall Street Journal, which said that Trian has set aside funds to invest in a consolidating asset management industry.

Trian, led by activist investor Nelson Peltz, made a $70 million profit recently when Franklin Resources acquired Legg Mason, according to Bloomberg. Trian had invested in Legg Mason early in 2020.

The post Trian Fund Management takes 9.9% stakes in Invesco, Janus Henderson appeared first on InvestmentNews.

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