Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Court backs Henderson in PFI fund battle

Court backs Henderson in PFI fund battle

A court has found in favour of Henderson Equity Partners following allegations of a breach of its Henderson PFI fund mandate.

The claims came to light last December when it emerged subsidiaries of Henderson Group had been served with legal proceedings by a majority of investors in its Henderson PFI Secondary Fund II.

As well as accusing Henderson Equity Partners of a breach of mandate, the fund's investors, thought to include large institutional clients and Continental European pension funds like Tesco, made allegations of misrepresentation.

But at a court hearing to deal with preliminary matters and issues relating to the claims of breach of mandate a judgment was handed down in favour of Henderson.

Henderson said it does not know at this stage whether investors in the fund will appeal.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: The godfather of fund-of-hedge-funds on the sector's future

Profile: The godfather of fund-of-hedge-funds on the sector's future

When Dixon Boardman started 26 years ago ‘there were 600 hedge funds and only 100 had $100 million – it was not even a cottage industry,’

Wealth Manager on Twitter