Janus Henderson to take on $75bn fixed income portfolio

Janus Henderson has entered a strategic partnership with The Guardian Life Insurance Company of America (Guardian) to manage its $75 billion (US$45 billion) investment grade public fixed income portfolio.

- Eliza Bavin

As part of the partnership, Guardian investment professionals who currently support the asset class will have the opportunity to join Janus Henderson, which Guardian said would provide continuity in the management of the assets while enhancing Janus Henderson's insurance investment capabilities.

At the completion of this transaction, Janus Henderson will manage over $247 billion (US$147 billion) in fixed income assets globally and over $183 billion (US$109 billion) for global insurance companies.

The partnership positions Janus Henderson as a top 15 unaffiliated insurance asset manager.