Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Henderson launches fund for natural resources star

Henderson launches fund for natural resources star

Henderson Global Investors has launched a new fund which will be run by former Colonial First State Investments head of natural resources David Whitten.

The Luxembourg-domiciled Henderson Horizon Global Natural Resources fund will focus on worldwide trends in the sector.

Whitten is the executive chairman of 90 West Asset Management, an Australia-based group part-owned by Henderson, which he joined in July 2011 as a partner. He had previously served as head of global resources at Colonial First State Investments between 1997 and 2010.

In the new fund, Whitten will invest in liquid assets drawn from a universe of 1,000 global natural resource companies.

The portfolio will typically consist of 40-60 companies, each with a market cap exceeding $2 billion, from the mining, energy and infrastructure sectors.

The Henderson fund runs on a similar format to the existing 90 West Global Natural Resources fund, which Whitten has run for Australian investors since July 2012.

Commenting on the launch, Whitten said: ‘The long-term trends of increasing population, prosperity and urbanisation, particularly among developing economies, are leading to a rising global consumption of natural resources.’

‘These demands, combined with a constrained supply for certain commodities, provide a favourable investment climate and are captured through the investment themes within the fund.’

Henderson initially acquired a 32.2% shareholding in the Australian group in May 2013 and this year increased its stake to 41.4%.

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 Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter