Henderson, Janus bulk up in wintry climate for asset managers

Bill Gross speaks at the Morningstar Investment Conference in Chicago, Illinois, June 19, 2014. REUTERS/Jim Young

London-based asset manager Henderson Group agreed to buy US rival Janus Capital Group Inc on Monday in an all-share $6 billion deal to cut costs and boost profits amid growing competition from index funds run by top providers such as Vanguard Group.

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