Janus Henderson's (JHG) investment teams, overseeing a vast majority of the company's assets, have expressed concerns to the company about being acquired by Victory Capital, Bloomberg said Friday, citing people with knowledge of the matter.

Dozens of portfolio managers have told senior executives and the board that Victory's bid would undermine the firm's culture and impact its ability to do business, the report said.

Additionally, managers responsible for a third of Janus Henderson's revenue have threatened to leave if the deal proceeds, the people said, adding that even clients have expressed similar concerns, according to Bloomberg.

Janus Henderson did not immediately respond to MT Newswires' request for comment.

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