Janus Henderson agreed on 23 January to acquire Richard Bernstein Advisors, a New York-based macro multi-asset investment manager with about $20bn in client assets.
Why Janus Henderson Group plc is buying Richard Bernstein Advisors
Janus Henderson said the purchase would expand its investment capabilities and its model-portfolio and separately managed account offerings, and that it now ranks among the top ten model-portfolio providers in North America.
Deal terms and financing
Financial terms were not disclosed. The deal was structured as an equity purchase of 100% of RBA. iM Global Partner, the Paris-based multi-boutique platform, sold its stake.
Regulatory approvals and timing
The acquisition closed on 1 April 2026, according to Janus Henderson's quarterly report, and RBA became a wholly owned subsidiary.
Market context
Richard Bernstein, RBA's chief executive and chief investment officer, joined Janus Henderson as global head of macro and customised investing under a multi-year agreement.
