17 August 2006 - In a move to provide access to its top flight
hedge fund range, Henderson Global Investors, the independent
asset manager with over US$116 billion assets under management,
will launch the Henderson Total Return Fund on 01 September
2006. Managed by Bill McQuaker, director of Multi- Manager
funds, the Fund will invest in a range of nine Henderson managed
hedge funds*, including some of the funds currently capped,
and have a target return of 12-15%.
Bill has identified the hedge funds* with investment processes
capable of generating absolute positive returns with acceptable
volatility. He will actively manage the exposure of the fund
to these underlying strategies to further enhance the risk
and return characteristics of the fund. With a minimum investment
of US$100,000 (or currency equivalent – Sterling or Euro),
the Fund is aimed at institutional investors, high net worth
clients, private banks and family offices.
The Fund will seek to achieve absolute returns for investors
while maintaining volatility at an acceptably low level. With
its low volatility and broad diversification across asset
classes, geographic regions and investment style, it is particularly
suited to those investors who want exposure to hedge funds
but at a lower risk that investing in a single strategy fund.
Henderson’s hedge fund business comprises four ‘pillars’ of
funds: classic long short directional equity, multi strategy
equity market neutral, fixed income and equity style rotational
funds.
Commenting on the launch of the fund, Kate O’Neill, Director
of Hedge Funds at Henderson says, “Since 1999 we have developed
a broad range of hedge funds by leveraging the skills of some
of our best inhouse portfolio managers, including Stephen
Peak, Daniel Beharall, William Garnett and David Elms. “Bill
has built up a great track record since taking over the retail
multi manager funds at Henderson. It is a logical step to
launch a fund that combines his active asset allocation skills
with our existing hedge fund strengths.
”This fund is ideal for those wanting to gain exposure to
a variety of hedge fund strategies and markets, with Bill’s
asset allocation adding an effective ‘10th hedge fund’.”
In July this year Henderson announced that hedge fund assets
under management had grown over 50 per cent in the first half
of 2006 from US$1.8 billion in December 2005 to US$3 billion.
Over the last 12 months three new hedge funds were added to
the stable including the European Style Rotational Fund and
the Global Equity Multi Strategy Fund. Further funds are due
to be launched this year.
* The 9 single Henderson hedge funds in the Total Return
Fund are:
Henderson Asia Pacific Absolute Return Fund
Henderson European Absolute Return Fund
Henderson Global Fixed Income Absolute Return Fund
Henderson Japan Absolute Return Fund
Henderson UK Equity Long Short Fund
Henderson North American Equity Multi-Strategy Fund
Henderson Pan-European Equity Multi-Strategy Fund
Henderson European Style Rotational Long Short Fund
Henderson Global Currency Absolute Return Fund
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