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View the article online at http://citywire.co.uk/wealth-manager/article/a650037

A-rated Casson exits Henderson in European equity shake up

by Chris Sloley on Jan 10, 2013 at 14:54

A-rated Casson exits Henderson in European equity shake up

A-rated manager Bill Stormont and alternative ucits A-rated manager Paul Casson have left Henderson Global Investors, the company has revealed.

The announcement was made at the start of a conference call by A-rated manager Tim Stevenson, who said there a shake-up in managers at the firm over Christmas.

The move sees Stormont exit as Stevenson’s co-manager on the €1.73 billion Henderson HF Pan European Equity fund.

Stormont will not be directly replaced on the fund but Stevenson will receive support from members of the Henderson equity team.

Meanwhile, Casson (pictured) steps down as lead manager on its long/short equity fund, the Henderson HF Pan European Alpha fund.

A-rated John Bennett will work with Leopold Arminjon to oversee the alternative ucits strategy.

There is no further information on the destination of the departing managers. However, a spokesperson for Henderson confirmed the changes came into effect on January 3 of this year.

There is no further information on the destination of the departing managers. However, a spokesperson for Henderson confirmed the changes came into effect on January 3 of this year.

The Henderson HF Pan European Equity fund has returned 36.83% in the three years to the end of November 2012. This compares to its Citywire benchmark, the FTSE World Europe TR EUR, which rose 26.92% over the same period.

Meanwhile, the Henderson HF Pan European Alpha fund has returned 16.92% in the past three years. This compares to the average manager in the Citywire Alternative Ucits Long/Short Equity sector returned 15.51% over the same period.

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