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Pease set to benefit if Henderson fund mergers gain approval
by Danielle Levy on Aug 14, 2013 at 14:36
Henderson Global Investors seeking to further consolidate its fund range with plans to merge away three funds. It is a move that will result in Richard Pease running even more assets for the firm.
Subject to regulatory approval, the fund group is planning to merge the £96 million Henderson Global Focus fund , which is managed by Matthew Beesley, into the £60 million International fund , also run by Beesley.
Richard Pease will also potentially manage more assets if plans to merge the £65 million Henderson European Smaller Companies fund , run by the firm's European equities team, into his European Growth fund , which stands at £920.6 million, are approved in November.
Henderson also has plans to merge Paul Craig's UK Strategic Income fund into Bill McQuaker's Core 5 Income fund .The company was keen to stress that no fund managers were leaving as a result of the activity, with all subject to regulatory and unitholder approval.
The move follows several rounds of rationalisations of Henderson's fund range following its acquisitions of Gartmore and New Star in recent years.
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by Danielle Levy on Dec 06, 2013 at 07:46