Henderson Hands Off Hedge Funds Amidst Revamp

Jan 18 2013 | 12:00pm ET

Henderson Global Investors is shaking up its hedge fund team as part of a broader reorganization.

Among the changes, Stephen Peak, the manager of Henderson's UK Alpha Fund, will hand that vehicle to Neil Harmon and James Ross, freeing up time to focus on the firm's U.S. mutual funds business. The handoff will occur on Feb. 1.

In addition, the financials equities team led by Simon Peters has left the firm; their £45.2 million Global Financials Fund will now be managed by Matthew Beesley and his global equities team.

"Not only is it vital that we provide the best investment teams to all our clients' funds throughout Henderson but also that the managers have the capacity to fully focus on each of our clients," equities chief Graham Kitchen said.

The shakeup also involves the exit of global head of retail distribution Mark Skinner, whose role will be taken by Greg Jones, who oversees European retail distribution, and Stewart Cazier, global commercial director. In addition, chief investment officer David Jacob has been named vice chairman and his old job junked.

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