Hendersons mulls fund of funds switch

Henderson Global Investors is looking at switching its five fund of funds targets to outperform...

Henderson Global Investors is looking at switching its five fund of funds targets to outperformance of peer group rather than benchmark. This follows a period of poor returns by several of the group's multi-manager products relative to their IMA sectors. This decision is part of a broader rethink on how the group should position its multi-manager product at a time when there are numerous new entrants to the market, such as HSBC, Skandia Investment Management, M&G and Solus. John Husselbee, director of multi-manager at Hendersons, said the group is looking at what the key differentia...