Wednesday, 22 October 2014
Last updated 16 hours ago
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.’”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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