Henderson in £100m net UK retail inflow; Plans absolute return launches

Henderson has recorded a £1bn net inflow into higher margin assets over the first six months of the year, including a net £100m into its UK retail fund range.

The positive figure for the group was offset by a £2.3bn net outflow in lower margin assets, including £1.6bn run for the Pearl Group. Henderson chief executive Andrew Formica says the UK range has seen strong net inflows in the first half - including in John Pattullo and Jenna Barnard's Strategic Bond fund, Richard Pease's European Special Situations and the group's multi-manager vehicles. While the group has undertaken a number of fund mergers and changes to strategies following the integration of New Star, Formica says a number of further changes are due over the next six months. ...