Henderson hires US credit team for global fixed income push

Henderson Global Investors has hired credit manager Kevin Loome and five US credit specialists as it looks to build out its global fixed income franchise.

The team has been poached from Philadelphia-based Delaware Investments, and comprises head analyst Charles Devereux, senior analysts Devon Everhart and Douglas Zinser, analyst Matthew Fanandakis and trader/analyst Gregg Gola.

The team will report to Loome, who will in turn report to Henderson's global head of credit, Stephen Thariyan (pictured).

The news comes just days after Citywire Global revealed that five members of ING's fixed income team had left to set up an Emerging Market Debt unit at Neuberger Berman.

A Henderson spokesperson told Citywire Global the team would immediately have input in a number of the group's credit strategies including its US High Yield mutual fund, and the euro-denominated Henderson Horizon Total Return Bond fund. He added that the group was intending to launch the former to UK and European investors by the end of the first quarter. 

He said the new team would also start to contribute to some of the firm's multi-asset propositions in the near future as well as working across retail and institutional mandates.

Jim Irvine, Henderson’s head of fixed income said: ‘Given the increasing client demand for global credit strategies and a desire to build upon the success of our existing award winning credit team, we have long intended to build out a truly global fixed income platform.

He added: ‘They have worked together for over five years and have an enviable track record. They will be an excellent addition to Stephen’s existing team.’

Thariyan said: 'The world order has changed dramatically since 2008 and will not revert. Clients have understandably sought out those managers that can provide alpha consistently. We have built a European credit team that provides this. Kevin and team have done just the same on a US basis. Bringing the two together will enable us to go to our clients with a complete global credit product range.'

Henderson has £65 billion in assets under management, of which £17 billion is in fixed income assets.