Janus Henderson and the Guardian Life Insurance Co. of America announced Tuesday a strategic partnership in which Janus will become the fixed-income manager for the insurer.
Guardian Life’s internal fixed-income investment staff will join Janus Henderson, which will now manage the insurer’s $45 billion investment-grade fixed-income portfolio.
In addition, Guardian Life will seed $400 million in capital to support Janus Henderson’s fixed-income product development, including securitized credit and high-quality, active fixed-income products.
The two firms will also co-develop multi-asset solution model portfolios for Park Avenue Securities LLC, Guardian Life’s registered broker/dealer and registered investment adviser.
“By combining Guardian’s exceptional experience with Janus Henderson’s market-leading investment strategies, resources, and capabilities, we will be able to offer innovative investment and wealth management strategies that will benefit customers and policyholders for years to come,” said Andrew McMahon, chairman and CEO of Guardian Life, in a statement.
The agreement is expected to close at the end of the second quarter. The partnership would see Janus Henderson’s global fixed-income assets under management grow to more than $147 billion.
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Tags: Fixed-Income, Guardian Life, Janus Henderson, Park Avenue Securities