High Income for McQuaker

hendersons' distribution fund of funds undergoes restructuring to achieve new mandate

Hendersons is to restructure its distribution fund of funds with a move towards a high income mandate. The group is evaluating the range following the arrival of Bill McQuaker as head of multi-manager in May to replace John Husselbee. The distribution portfolio has been run with a very similar mandate to the group's income fund of funds for some time, which McQuaker concedes has led to a lack of differentiation between the two offerings. The details of the structure of the high income fund have not been finalised by McQuaker, who has been focused on reorganising the portfolios over the s...