Funds and managers
| Fund |
Managers |
| Henderson Multi-Manager Income & Growth Fund |
Bill McQuaker and Chris Forgan |
| Henderson Multi-Manager Distribution Fund |
Bill McQuaker and Chris Forgan |
| Henderson Multi-Manager Managed Fund |
Bill McQuaker and Tony Lanning |
| Henderson Multi-Manager Active Fund |
Bill McQuaker and Helen Bradshaw |
| Gartmore Multi-Manager Absolute Return Fund |
Tony Lanning and Paul Craig |
Source: Financial Express Analytics
The move, which follows Henderson’s takeover of Gartmore earlier this year, will see head of multi-manager Bill McQuaker co-managing most of the funds, alongside Chris Forgan, Tony Lanning, Helen Bradshaw and Paul Craig.
It will also involve Gartmore Multi-Manager Active Fund merging with Henderson Multi-Manager Active; Gartmore Multi-Manager Balanced Fund sitting with Henderson Multi-Manager Managed; and Gartmore Multi-Manager Cautious Fund joining Henderson Multi-Manager Income & Growth.
The mergers will take place on 12 August, subject to regulatory and investors' approval.
"The proposed mergers of the Active, Balanced and Cautious Gartmore funds further streamlines our fund range and leaves us with a clear proposition across the risk spectrum," McQuaker said.
Henderson’s multi-manager team has more than £2.5bn of retail assets under management.
Performance of funds since Nov-08
Source: Financial Express Analytics
Financial Express data shows three of Henderson’s multi-manager funds returning in excess of 40 per cent over the past three years: Active, Distribution and Income & Growth. Its Managed fund has returned around 30 per cent, while Gartmore’s Multi-Manager Absolute Return fund has returned 20 per cent.