Janus to Acquire VelocityShares Parent Firm

Janus Capital Group Inc. said Monday that it will buy a provider of exchange-traded funds, a move that some analysts say will provide new hire Bill Gross a platform to launch his own ETF. The Denver-based firm said it has agreed to acquire VS Holdings Inc., the parent company of VelocityShares LLC, a Darien, Conn.-based asset manager with about $2 billion under management, according to a news release from Janus.



via Darien Newswire http://ift.tt/1w3Bigu