Henderson Group expands into Nth America

Company News

Henderson Group plc (ASX:HGG, LON:HGG) is expanding into North America with the acquisition of Geneva Capital Management for about $US200 million. 
 
The dual-listed fund manager says the acquisition will add US equity investment capabilities and extend the company’s US institutional reach. 
 
Geneva now has assets under management of $US6.3 billion in mid and small cap US growth equities. 
 
Following the acquisition Henderson expects to increase its assets under management in the US to $US18.3 billion. 
 
CEO Andrew Formica says buying Geneva is a major step for Henderson to achieve its growth ambitions as a global asset manager. 
 
Henderson Group reported a net profit of $230 million in the full 2013 calendar year.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?