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Nelson Peltz Gets Janus Board Seats, Amping Up Pressure on Firm

Peltz says Trian sees strategic opportunities for Janus
Janus has suffered net outflows and an exodus of clients

Nelson Peltz, chief executive officer of Trian Fund Management LP, speaks during a conference in Laguna Beach, California, U.S., on Tuesday, Oct. 25, 2016.
Photographer: Patrick T. Fallon/Bloomberg

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By Scott Deveau and Silla Brush

February 1, 2022 at 12:59 PM UTC

Updated on

February 1, 2022 at 5:45 PM UTC

This article is for subscribers only.

Janus Henderson Group Plc, which has struggled to stem a client exodus of since its merger more than four years ago, is now facing extra pressure from its largest shareholder to turn around performance.

Nelson Peltz, an investor with a long winning streak of bringing major change to companies, is joining Janus Henderson’s board along with Trian Fund Management co-founder Ed Garden, the firms said Tuesday.