Henderson Global Soft Closes Two Absolute Return Funds

Oct 20 2011 | 11:46am ET

Henderson Global Investors has announced that it is closing two of its retail-oriented absolute return funds to new investment—for now—because they are close to reaching their $2 billion capacity.

The two funds, Henderson UK Absolute Return OEIC and Henderson Gartmore UK Absolute Return SICAV, which are both managed by Ben Wallace and Luke Newman, will soft close on Nov. 30.  According to the firm, the move is being made in order to protect the interests of existing investors and to seek to avoid potential performance dilution.
 
Commenting on the soft closure, Simon Hillenbrand, head of UK retail, says: “Since the launch of the UK Absolute Return OEIC in 2009 and the Henderson Gartmore UK Absolute Return SICAV in 2010 the funds have demonstrated they are capable of delivering positive returns despite challenging market conditions. However, as the funds have grown in size, we are mindful that there are certain capacity constraints. Therefore, in order to ensure the strategy remains nimble and to protect the interests of existing investors and future performance we have taken the decision to ‘soft close.’”


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of