Wealth Manager - Essential news for investment professionals

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.
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter