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Special sits for Pease

Henderson New Star is planning to launch a European special situations fund headed by European fund manager Richard Pease.

The fund is understood to be launching over the summer.

Pease is one of a number of leading fund managers to commit to Henderson after its takeover of New Star. His £469m European growth fund is 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 but which have been excessively punished due to negative market sentiment.” He says he will look to invest in the fund, having recently placed £500,000 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 sits recovery investing.”


Legg up

Stockmarkets have had a strong bounce since reaching a low in early March. The debate now is whether this is the start of a new bull market or a so-called “bear market rally”, with further falls just around the corner. The jury remains out.

Investment clock economic update

In the latest Investment Clock economic update, Ian Kernohan, Senior Economist at Royal London Asset Management, discusses the implications of the US Federal Reserve’s recent hike in interest rates and upcoming French presidential election. The value of investments and the income from them is not guaranteed and may go down as well as up and […]


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