Henderson launches global natural

Henderson Global Investors yesterday launched a global natural resources fund that will invest in liquid assets from more than 1000 natural resource companies, with a market capitalisation in excess of $2bn.

Henderson launches global natural


The company said the Henderson Horizon Global Natural Resources Fund will typically consist of 40-60 global natural resource stocks operating in the mining, energy and agricultural sectors.

The Luxembourg-domiciled SICAV will be managed by executive chairman David Witten and will be sub-advised by Australian based fund management group, 90 West.

It has a minimum initial investment of €2,500 for the retail share class and €1m for the institutional share class and a minimum additional investment of €500 for retail and €100,000 for institutional. It has a performance fee of 10%.

On the fund, Whitten said: “The 90 West team believes opportunities in the sector are heavily dependent on the quality of the resource itself.

“The long-term trends of increasing population, prosperity and urbanisation, particularly among developing economies, are leading to a rising global consumption of natural resources.

He added that those demands, combined with a constrained supply for certain commodities, provide a favourable investment climate and are captured through the investment themes in the fund.

At the end of last month, Henderson announced that it plans to acquire Geneva Capital Management, a US equities manager, for an initial consideration of $200m (£117m).

Henderson said it would pay $130m upfront, with a further $70m if revenue and growth-related earning targets are met.

Geneva has $6.3bn in assets under management in mid and small cap US growth equities and will use the acquisition to boost Henderson’s North American product offerings.