Henderson posts £100m net retail inflow across UK range

Henderson recorded a £100m net retail inflow across its UK Oeic and unit trust range in 2009.

The group, which took over ailing fund manager New Star in April, saw a £700m net inflow across its higher margin assets last year, with its Horizon range posting a £500m net wholesale inflow. However, strong outflows from its lower margin New Star Institutional Managers business and Pearl assets led the group to a £4.6bn total net outflow over the period. Taking into account the New Star acquisition and market movements, Henderson's total AUM at end 2009 was £58.1bn, a 17% rise on the previous year. The lower margin outflows dented the group's 2009 recurring profit - before intang...