It was
Janus Capital Group's [
profile] fixed-income funds that drew
Dai-ichi Life Insurance, the second largest life insurance company in Japan, to Janus, reports Jason Kephart from
Investment News. Dai-ichi Life Insurance will invest $2 billion into Janus funds and help distribute Janus funds in Asia.
News of the acquisition made Janus stock soar, its biggest one-day gain in more than two years, according to the report. Stock was trading at $8.43 on Friday until midday on Wednesday.
The story also references a
Bloomberg story from last week in which
Richard Weil, is quoted as saying that a "significant portion" of the $2 billion will be allotted to fixed-income strategies. Assets of fixed-income strategies comprise 16 percent of Janus' total assets, or $23 billion.
Spokeswoman Jane Ingalls said the deal between the Denver, Colorado-based firm and the Japanese insurer will boost Janus' fixed-income lineup, which currently boasts four funds.  
Edited by:
HFD
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