Hedge Funds

AlphaGen acquisition triggers revival of Henderson’s wider hedge fund business

by

Twelve months after absorbing Gartmore, the combined Henderson/AlphaGen hedge fund group is flourishing in terms of manager morale, investor inflows and new growth opportunities

Paul Graham
Andrew Formica
A year can be a long time in the fund management business. Twelve months ago, the staff of Gartmore Investment Management were still reeling after a calamitous series of events that saw the firm lurch from a public flotation by its US private equity owners at the end of 2010 to an emergency fire-sale to former arch-rival Henderson Global Investors one year later.

In the course of that tumultuous period, started by an apparently needless internal inquiry into trade-directing activities by star European equity manager Guillaume Rambourg (in