Janus buys ETF shop Velocity Shares

... pay an "initial upfront cash consideration of $30 million" to buy VelocityShares parent company VS Holdings Inc. The Darien, Conn.-based firm manages $2 billion in ETFs. Through the acquisition, Janus is adding clients including hedge funds as well ...



via Darien Newswire http://ift.tt/1qjh8vb