View more on these topics

Henderson looks at trimming strategic bond range

Henderson is considering a merger within its four-strong range of strategic bond funds following the departure of James Gledhill.

Henderson head of retail fixed income John Pattullo says the group does not need four funds in the sector and that the size of the high yield monthly income fund may see it merged into another product.

He says: “Four is too many. It is reasonable to have three funds in the sector. One of the funds is reasonably small, the high yield monthly income fund at about £200m.”

He adds that they need to speak to clients to address their needs and will not make a merger in the next six months.

As revealed by Money Marketing this week, Pattullo and director of retail fixed income Jenna Barnard have taken over the £510m Henderson fixed interest monthly income bond fund and the £217m high yield monthly income fund from director of retail James Gledhill who was made redundant this week.

Pattullo also runs two other funds in the strategic bond sector, the £650m preference & bond and the £1.1bn strategic bond funds.

Ben Pakenham will remain as deputy on the funds with Pattullo and Barnard.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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