Janus Henderson enters key AM partnership with Guardian Life

In what represents a significant development amid continuing market turmoil,  Janus Henderson is set to benefit from a strategic partnership with major insurer, Guardian Life.

The two companies announced today that Guardian Life and Janus Henderson have entered into a strategic partnership whereby Janus Henderson will become Guardian’s investment grade public fixed income asset manager.

The announcement said that, through the partnership, Janus Henderson will manage the US$45 billion investment grade public fixed income portfolio for Guardian’s general account, which will include investment grade corporate and securitised credit.

It said that as part of the agreement, Guardian investment staffers currently supporting the in-scope asset classes will have the opportunity to join Janus Henderson, providing continuity in the management of these assets while further enhancing Janus Henderson’s specialised insurance investment capabilities.

The announcement said that at the completion of this transaction, Janus Henderson will manage over US$147 billion in fixed income assets globally and over US$109 billion for global insurance companies greatly expanding the firm’s institutional reach and insurance presence. The partnership positions Janus Henderson as a top-15 unaffiliated insurance asset manager.

In addition, Guardian will commit up to US$400 million of seed capital to help accelerate Janus Henderson’s continued innovation in securitised credit and high quality active fixed income products, as well as other leading fixed income capabilities. This builds on the success of Janus Henderson’s active fixed income ETF suite. This partnership will benefit from Janus Henderson’s innovative investment approach as a leading active asset manager and a pioneer in active fixed income ETFs.

As part of this strategic partnership, Guardian will receive equity warrants and other economic consideration designed to support a shared goal of accelerating growth and driving value creation.