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More fund mergers for Henderson

Henderson is to merge five funds into others as it continues to rationalise its range following the acquisition of New Star Asset Management in 2009.

Within the UK range, the group is planning to merge the growth and income fund into the higher-income fund, which will continue to be managed by Graham Kitchen and Andy Jones.

The UK growth fund, managed by Trevor Green, will merge into UK alpha fund to be managed by Stephen Peak. The UK extra income fund, managed by Job Curtis, will be merged into the managed distribution fund and has been given sophisticated powers. The fund will continue to be run by John Pattullo, Jenna Barnard and Trevor Green.

Henderson is also merging two of its multi-manager portfolios with the cautious portfolio unit trust managed by Craig Heron merging into the multi-manager income and growth fund managed by Bill McQuaker.

The multi-manager growth fund, managed by McQuaker, will merge into the Henderson active portfolio managed by Mark Harris and Heron. The fund will change its name to the Henderson multi-manager active fund.

The group has also renamed three of the multi-manager funds and four fixed-interest funds, the latter have also been given wider Ucits powers. The global equity fund has changed its name and objective.

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