Henderson Global Investors has completed its acquisition of Sydney-based Attunga Capital, and with it the firm’s well-performing Attunga Agricultural Trading Fund. The fund’s two portfolio managers, Ian Bowler and Phillip Pyle, have become Henderson employees.
Since launching in April 2008, the Attunga fund has produced an annualised return of 16.08%, with a standard deviation of 10.43% and a Sharpe ratio of 1.30. The fund is up 22.49% this year to the end of October.
The strategy aims for low or negative correlation to bond and equity markets, and is not a directional call on commodities – retaining a