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On Sept. 16, Janus Henderson announced that over the next three years it will donate half of the fees it earns managing the firm’s $400 million government money market fund to the American Cancer Society’s advocacy, research and patient support efforts.
And while no one at present anticipates a return to the days of rock bottom interest rates that forced managers of money market funds to slash fees or eliminate them entirely, Janus Henderson apparently isn’t taking any chances, guaranteeing a minimum donation of $1 million a year over that three-year span.
That gesture is the first fruit of an initiative the firm — with one legacy foot in London and another in Denver — launched earlier this year, called the “Brighter Future Project,” which looks to connect Janus Henderson’s “mission, values, and capabilities to the aspirations of our clients, the communities we serve and our employees.”
A spokeswoman for the firm said the decision to support a health-related cause as the project’s first move, with the potential to have a "direct and immediate impact," reflected the preferences of Janus Henderson employees.
Janus Henderson CEO Ali Dibadj, in a news release, noting the “devastating” financial burden of a cancer diagnosis, said with his firm’s initiative to support the American Cancer Society, Janus Henderson clients can “easily support ACS’ critical work in advocacy, research, and patient support, helping to improve the lives of both cancer patients and their families.”
Karen Knudsen, CEO of the American Cancer Society, in the same news release, said Janus Henderson’s support will help ACS fund critical research and support for cancer patients.
