Henderson is to launch a joint venture agreement with Paradigm Group to power its new investment proposition.
Subject to regulatory approval, the proposition will go live later this year and will see Henderson launch four risk-rated multi-asset funds offered through Tatton Capital, the new asset management arm created by Paradigm Group.
The multi-asset funds will be managed by Henderson’s Bill McQuaker.
Earlier this week, Paradigm announced it was launching an investment management business offering funds, model portfolios and discretionary portfolio management services to independent and restricted advisers.
It will run alongside its existing asset management business Prism Capital Management.
Henderson commercial director Stewart Cazier says: “This is an important step in our business strategy and approach to a changing investment landscape following the Retail Distribution Review as we seek to provide advisers and their clients the best range of products that meet their expectations.”
Paradigm’s Anthony Morrow says: “As part of our drive to offer advisers the best and widest possible selection of services and solutions, we are always looking at ideas and initiatives that can add value to the proposition. The partnership we have formed with Henderson and their award-winning multi- asset team is part of our plans to build a modern market-leading investment management business that incorporates our existing proposition.”