On 15^th October 2014, it was announced that the co-manager of the Henderson European Growth fund, Richard Pease, will be leaving Henderson Global Investors to join CRUX Asset Management.  As a result of this news, we have removed the fund from The Adviser Centre’s Recommended list.

Henceforth, previous co-manager Simon Rowe will have full responsibility for the Henderson European Growth fund, as well as its offshore sister fund, Henderson Horizon European Growth.  Mr Rowe will report to Head of European Equities, John Bennett.  He has worked with Mr Pease since 2001, joining him at New Star and moving to Henderson as part of the acquisition in 2009.  As such, he is extremely well-versed in the investment approach and there are not expected to be any significant changes to the fund or its characteristics.

We have high regard for Mr Rowe and the well-resourced European Equity team at Henderson and, as such, we will be keeping in touch with the Henderson European Growth fund and future developments. Nonetheless, Mr Pease’s departure is of significant importance and leads us to withdraw the fund from The Adviser Centre.

For information, Henderson European Special Situations, also managed by Mr Pease, will be transferred to CRUX Asset Management’s nominated authorised corporate director over the coming months, subject to relevant approvals.  Mr Pease will continue to manage this fund during the transfer period and afterwards at CRUX Asset Management.