Henderson appoints Steve Drew head of EM credit
After leaving Thames River Capital in the wake of its integration with F&C, Steve Drew now joins Hendersons EM credit team.
After leaving Thames River Capital in the wake of its integration with F&C, Steve Drew now joins Hendersons EM credit team.
Henderson posted £10bn rise in AUM and a pre-tax profit of £190.1m in its year-end results.
Firms smashed a record $1trn in dividend payouts in 2013, reflecting growth in equity income around the world.
Bolstering its sales team, Henderson has poached former Goldman Sachs UK retail expert.
Henderson Global new manager plans to turn over 30% of the portfolio he took over from Brian O’Neill after 30 years
The board of Hendersons Diversified Income trust has decided to reduce the vehicles management fee from 0.75% to 0.65% of gross assets.
Henderson is to merge a further three underperforming funds in November as part of its bid to streamline its fund range.
Henderson made £101.1m before tax in the six months to June, a half year record for the group and an increase of just under £20m from the same period last year.
Henderson Group and Teachers Insurance and Annuity Association College Retirement Equities Fund (TIAA-CREF) are combining their real estate businesses into a combined venture which will have AUM of around £13bn.
Henderson is to re-open its UK Absolute Return Fund, a strategy which includes a UK Oeic and a Luxembourg Sicav, following a decrease in the stock correlations which prompted its soft closure at the end of 2011.
Henderson’s net retail sales were in positive territory for the first time since Q1 2011 during the first quarter of the year while AUM increased by £3.2bn during the period.
Nicholas Ware is joining John Pattullo and Jenna Barnard at the helm of the Henderson Fixed Interest Monthly Income Fund.