The European special situations fund is currently in the developmental stage, with the fund understood to be launching over the summer.
Pease was one of a number of leading fund managers to commit to Henderson following its takeover of New Star, which was completed in April. His £469m European growth fund is currently top quartile in the IMA Europe ex-UK sector over three years.
He says: “The fund will be smaller and more flexible than my European growth fund. I will look to invest in companies that I believe are fundamentally sound, however, have been excessively punished due to negative market sentiment.”
Pease says he will look to invest in the new fund, having recently placed £0.5m in both his European growth fund and the high yield bond fund run by James Gledhill.
Hargreaves Lansdown senior analyst Meera Patel says: “This could be an opportune time for special situations recovery investing, not just in Europe but globally. The way Richard Pease runs money in terms of a small and mid-cap focus means he is the right type of manager for a fund of this ilk.”