Pattullo blends bond classes to reduce overall risk

Preference and Bond celebrates 30th anniversary on 9 October, with manager John Pattullo mixing up various bond types to benefit from low correction between them

Henderson's Preference and Bond fund, one of the country's oldest fixed income vehicles, will celebrate its 30th birthday on 9 October. Run by John Pattullo and Jenna Barnard, it is favoured by investors for a broad range of holdings and exposure to different types of debt. Pattullo was working on the fund as an analyst in 1997 before taking the reins from Ian Dickson in October 2001. He said at this time, the vehicle was around £320 in size and heavily weighted towards preference shares. As the portfolio has grown, the preference share market has not kept pace and the mandate has b...