Fund launches & closures

Henderson funds approaching $2bn capacity, set to soft close UCITS

by

Henderson Global Investors, which has $117 billion assets under management, is soft closing two of its absolute return UCITS funds from 30 November 2011 as assets are close to approaching $2 billion.  The move is being made to protect the interests of existing investors and to avoid potential performance dilution of the Henderson UK Absolute Return OEIC and Henderson Gartmore UK Absolute Return SICAV.

The two funds are managed by Ben Wallace and Luke Newman. The capacity was set at around $2 billion at inception in 2005 to ensure Wallace and Newman were able to invest only in