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View the article online at http://citywire.co.uk/wealth-manager/article/a566359

Henderson to merge 12 funds in final Gartmore integration

by Danielle Levy on Feb 14, 2012 at 12:00

Elsewhere, the £286.5 million Managed Distribution fund will be merged with Chris Burvill’s Cautious Managed fund if proposals are approved, while Lofthouse and Jones’ Global Dividend Income fund will be merged into the new Global Equity Income fund.

Nick Anderson’s SRI Global Care Growth fund is also set to take on the assets of the Global Care UK Income and UK Strategic Income funds, while the US Opportunities fund will be merged into Tom Marsico’s US Growth fund.

And finally due to a similarity in objectives, Henderson is proposing to merge the International fund into Citywire Selection and A-rated Stuart O’Gorman's Global Innovation fund.

The proposed mergers and restructures will be implemented in two phases with some completing by 4 May, while others would come into action on 20 July. A spokesperson for the firm said there would not be any manager departures following the rationalisations.

Commenting on the rationale behind the proposals, Mark Skinner, director of retail global distribution, explained: ‘Following the acquisitions of both New Star and Gartmore we have successfully consolidated over 50 funds across our global distribution channels.

'It has always been our intention to further rationalise the UK retail range for two main reasons. Firstly, to remove complexity and duplication, and secondly, to enable us to focus on a smaller number of key investment strategies that are clearly relevant to our investors.’

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  • Andrew Jones
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L&G fixed income star Dickie Hodges quits

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