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Henderson Group plc (ASX:HGG, LON:HGG) is expanding into North America with the acquisition of Geneva Capital Management for about $US200 million.The dual-listed fund manager says the acquisition will add US equity investment capabilities and extend the company’s US institutional reach.Geneva now has assets under management of $US6.3 billion in mid and small cap US growth equities.Following the acquisition Henderson expects to increase its assets under management in the US to $US18.3 billion.CEO Andrew Formica says buying Geneva is a major step for Henderson to achieve its growth ambitions as a global asset manager.Henderson Group reported a net profit of $230 million in the full 2013 calendar year.
