Janus Henderson Group has announced its definitive agreement to acquire 100% of Richard Bernstein Advisors, enhancing its capabilities in model portfolios and separately managed accounts.

Information on the Target

Richard Bernstein Advisors (RBA), established in 2009 and headquartered in New York City, is a research-driven macro multi-asset investment manager. With a focus on longer-term investment strategies, RBA employs a combination of top-down macroeconomic analysis and quantitatively-driven portfolio construction. Currently, the firm manages approximately $20 billion in client assets, catering to various clients, including pension plans, corporations, foundations, financial advisors, and high-net-worth individuals.

Under the leadership of Richard Bernstein, who boasts over 40 years of experience on Wall Street, including his tenure as Chief Investment Strategist at Merrill Lynch & Co., RBA has built a strong reputation for its differentiated asset allocation solutions. Bernstein will transition to Janus Henderson as the Global Head of Macro & Customized Investing, where he will play a crucial role in directing RBA's future growth as part of Janus Henderson.

Industry Overview in the Target’s Specific Country

The asset management industry in the United States, where RBA operates, is witnessing a significant transformation driven by increased investor demand for customized investment solutions. As the market matures, the dema