Janus Capital CEO Weil on Henderson Merger

The video discusses the complexities of a merger of equals, focusing on the challenges of combining executive teams and making tough decisions. It explores the unique dynamics of a Co-CEO structure, emphasizing the importance of a strong partnership. The discussion extends to global aspirations, highlighting the benefits of increased scale and resources. Regulatory challenges, particularly fee pressures due to the Department of Labor's fiduciary standard, are addressed. Finally, the video examines the competition between active and passive management, emphasizing the need for active managers to deliver risk-adjusted returns.

What are the expectations set by the board regarding the Co-CEO arrangement after two years?

How does the speaker view the competition from passive investment strategies?

What is the ultimate goal of the merger as stated by the speaker?