View more on these topics

Gartmore fund trio will not be joining Henderson

Himsworth
Himsworth: Funds will merge with Henderson UK alpha

Leading Gartmore fund managers John Anderson, Leigh Himsworth and Dan Roberts will not move across to Henderson after the firm completes it takeover on April 25.

An update on the proposed acquisition of Gartmore, published last week, shows that most of the managers’ funds will merge into existing Henderson products while the company confirmed the three will not be joining Henderson in April.

Anderson’s Gartmore corporate bond is planned to merge into Henderson all stocks credit, Gartmore fixed interest will be incorporated by Henderson sterling bond and Gartmore Sicav European corporate bond will merge with Henderson horizon Euro corporate bond, subject to regulatory and investor approval.

Gartmore UK alpha and Gartmore UK growth, both run by Himsworth, will merge with Henderson UK alpha while Roberts’ Gartmore UK equity income will merge into Henderson higher income Overall, Henderson has confirmed that 14 Gartmore funds will be merged into existing Henderson funds in the summer.

Hargreaves Lansdown head of research Mark Dampier says: “This is no surprise as there are always fund mergers. They are all good managers but there are so many managers and funds between the two firms that this was likely to happen. I am surprised there was not more consolidation within the European team as there are a number of funds and managers there too.”

Chelsea Financial Services managing director Darius McDermott says: “The departures are on the UK and fixed-interest desks where Henderson is already very strong.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com