Trian Fund Management, the activist hedge fund firm led by Nelson Peltz, is planning to modernise Janus Henderson Group by leveraging artificial intelligence to streamline middle- and back-office operations, according to a report by Bloomberg.
The hedge fund teamed with General Catalyst, which has previously backed which has backed AI ventures including Anthropic, Stripe, and Anduril, to secure control of the business, paying $8bn, or $52 per share, for the $493bn asset manager.
Through General...
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