Janus Henderson Investors has announced changes to the European equity team that affect Janus Henderson European Selected Opportunities.

Tom O’Hara, co-manager of the Janus Henderson European Selected Opportunities fund, is leaving the firm along with another member of the European equities team, Jamie Ross.

Tom Lemaigre will remain as co-manager of the fund and will be joined by portfolio managers Robert Schramm-Fuchs and Marc Schartz.  Mr Schramm-Fuchs and Mr Schartz have been involved in managing European equities at the firm since 2014 and 2016 respectively.

Janus Henderson has confirmed that there will be no changes to the team-based investment approach.

Janus Henderson European Selected Opportunities continues to feature on our Recommended list.  According to our usual process, we will meet the new team members at the earliest opportunity, but, given the level of continuity, we do not expect changes to the fund’s characteristics.

As a reminder, Janus Henderson European Selected Opportunities blends the fundamental analysis of companies with global sector themes. The fund is not strongly stylised, although the managers maintain a firm valuation discipline, with the portfolio featuring a mix of structural winners and idiosyncratic value opportunities. Within its sector, the fund features in our 'Larger-Cap, Blend' category.