On 2^nd December 2014, Henderson European Absolute Return was added to The Adviser Centre as a Recommended fund.

Henderson European Absolute Return is co-managed by John Bennett and Leopold Arminjon, who both joined Henderson in 2011 as part of the Gartmore acquisition.  They aim to grow capital in excess of cash through long and short investments in pan-European equity markets.

Within the IMA Targeted Absolute Return sector, we classify the fund as “conditionally directional”.  The fund’s net and gross exposures are modified according to the managers’ perceptions of the available opportunity set, meaning that they participate in the market when they have greater conviction but withdraw when they have less confidence in the risk/reward pay-off.  They are sensitive to drawdowns in the fund’s unit price and as such, they are pro-active in taking profits and hedging positions as their conviction decreases.

Both managers have considerable experience in managing long/short mandates and the fund benefits from a well-established process and their ability to blend high conviction views with an awareness of risk and market positioning.

As such, we are very pleased to add the fund to The Adviser Centre’s featured funds in the IMA Targeted Absolute Return sector.

Note: this fund is subject to a performance fee - please see the prospectus for details.