AR bond launch for Hendersons

Henderson Global Investors will add an onshore Absolute Return Fixed Income fund to its range next m...

Henderson Global Investors will add an onshore Absolute Return Fixed Income fund to its range next month. This vehicle is a mirror of an offshore portfolio in the Horizon umbrella, run by Daniel Beharall. He also heads up the group's Global Fixed Income Absolute Return hedge fund. The launch is a total return vehicle aiming to produce returns of Libor plus 250 basis points net of fees. Beharall takes directional and relative value positions in the global fixed income market. With between 70-100 holdings, he will generate alpha from interest rates, emerging market debt, currency an...