Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

A-rated Casson exits Henderson in European equity shake up

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.

A fund selector invested with Henderson, who wished to remain anonymous, told our sister publication Citywire Global: ‘The key positions on that team are Stevenson and Bennett. They are the key managers who dictate most of the investments and strategies.’

‘I would be concerned if one of those two was leaving but I believe the team is strong enough and well enough supported to allow for Stevenson and Bennett to run these strategies.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: change is the only constant for Quilter Cheviot

Profile: change is the only constant for Quilter Cheviot

This is not the first time we have profiled David Miller, but at the time of his previous appearance his company looked very different.

Wealth Manager on Twitter