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Henderson Value Trust: the investments to ensure our continuation
by Robert St George on Jun 12, 2014 at 10:24
Ian Barrass, co-manager of the Henderson Value Trust , shares with Wealth Manager the three aspects of his trust he hopes will get it past its continuation vote later this year.
Henderson took over the mandate to manage the trust from SVM in April last year, and is now a year into a three-year turnaround process. However, to complete that transition it will have to survive a liquidation vote in December.
Barrass highlights the trust's holdings in private equity (including through Standard Life European Private Equity and NB Private Equity Partners), emerging markets (such as via the BlackRock Latin American trust), and commodities (in the BlackRock World Mining trust, for example) as the potentially key drivers of performance until then.
Barrass also explains his interest in debt-focused investment trusts, such as Real Estate Credit Investments and NB Distressed Debt , as a way to profit as banks retreat from lending. But at the same time he has backed Polar Capital Global Financials as a longer-term play on the recovery of banks.
Finally, Barrass explains what his new co-manager James de Bunsen will bring to the trust following the departure of Paul Craig to Old Mutual as part of the sale of Henderson's interest in its Cirilium Multi-Manager joint venture.
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- Henderson Value Trust (Ordinary Share)
- Standard Life Euro Private Eq (Ordinary Share)
- BlackRock Latin American (Ordinary Share)
- BlackRock World Mining Trust (Ordinary Share)
- Real Estate Credit Investments (Ordinary Share)
- NB Distressed Debt (Ordinary Share)
- Polar Capital Glb Financials (Ordinary Share)
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